Johnson Rice upgraded shares of KBR Inc. (NYSE:KBR) from a hold rating to an accumulate rating in a research report sent to investors on Wednesday. The brokerage currently has $18.00 target price on the stock.
Several other equities research analysts have also commented on the stock. Credit Suisse Group AG restated a buy rating and issued a $18.00 price target on shares of KBR in a research note on Monday. MKM Partners set a $16.00 price target on shares of KBR and gave the company a hold rating in a research note on Tuesday, September 13th. Zacks Investment Research upgraded shares of KBR from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Monday, July 18th. Janney Montgomery Scott restated a buy rating on shares of KBR in a research note on Tuesday, August 16th. Finally, Vetr upgraded shares of KBR from a sell rating to a hold rating and set a $14.30 price target on the stock in a research note on Monday, July 25th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $17.33.
KBR (NYSE:KBR) traded up 0.82% during midday trading on Wednesday, reaching $16.00. The company had a trading volume of 2,076,364 shares. KBR has a 52-week low of $11.61 and a 52-week high of $19.94. The company has a market capitalization of $2.28 billion, a P/E ratio of 12.40 and a beta of 1.54. The company’s 50 day moving average is $14.76 and its 200-day moving average is $14.61.
KBR (NYSE:KBR) last issued its earnings results on Friday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. KBR had a net margin of 4.34% and a return on equity of 18.60%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted $0.46 earnings per share. KBR’s revenue was down 26.9% on a year-over-year basis. Equities analysts expect that KBR will post $1.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, September 13th. KBR’s payout ratio is 24.81%.
Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors L.L.C. boosted its stake in shares of KBR by 1.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 53,466 shares of the company’s stock worth $828,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of KBR during the first quarter worth $2,214,000. Prudential Financial Inc. boosted its stake in shares of KBR by 7.2% in the first quarter. Prudential Financial Inc. now owns 1,826,408 shares of the company’s stock worth $28,273,000 after buying an additional 122,940 shares during the last quarter. BlackRock Inc. boosted its stake in shares of KBR by 4.0% in the first quarter. BlackRock Inc. now owns 153,621 shares of the company’s stock worth $2,378,000 after buying an additional 5,889 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of KBR by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,170,243 shares of the company’s stock worth $64,555,000 after buying an additional 15,371 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
Receive News & Ratings for KBR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.