Bank of America Cuts KBR (NYSE:KBR) Price Target to $40.00

KBR (NYSE:KBR) had its target price decreased by Bank of America from $45.00 to $40.00 in a report issued on Monday morning,Benzinga reports. Bank of America currently has a neutral rating on the construction company’s stock.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company dropped their price target on KBR from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Zacks Research upgraded KBR from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. UBS Group lowered their target price on KBR from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Citigroup lowered their target price on KBR from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of KBR in a research report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.62.

KBR Stock Up 3.6%

KBR opened at $35.63 on Monday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.86 and a beta of 0.44. The firm has a 50 day moving average price of $34.44 and a 200-day moving average price of $37.71. KBR has a twelve month low of $29.94 and a twelve month high of $52.23. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.59.

KBR (NYSE:KBR) last issued its earnings results on Tuesday, May 5th. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. KBR had a net margin of 5.21% and a return on equity of 33.92%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Equities research analysts forecast that KBR will post 4 earnings per share for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a $0.165 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.66 annualized dividend and a yield of 1.9%. KBR’s dividend payout ratio (DPR) is presently 21.09%.

Insider Buying and Selling at KBR

In related news, Director Jack B. Moore acquired 4,000 shares of KBR stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $31.44 per share, for a total transaction of $125,760.00. Following the purchase, the director directly owned 54,352 shares of the company’s stock, valued at approximately $1,708,826.88. This trade represents a 7.94% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thaer Lewis Von bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $30.77 per share, for a total transaction of $92,310.00. Following the completion of the acquisition, the director owned 10,358 shares in the company, valued at $318,715.66. This trade represents a 40.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 29,875 shares of company stock worth $945,160. 1.15% of the stock is owned by insiders.

Institutional Trading of KBR

Several hedge funds have recently bought and sold shares of KBR. Farther Finance Advisors LLC raised its stake in shares of KBR by 89.8% in the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after buying an additional 289 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of KBR by 432.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the period. Anchor Investment Management LLC grew its stake in shares of KBR by 27.5% during the 1st quarter. Anchor Investment Management LLC now owns 1,275 shares of the construction company’s stock valued at $47,000 after acquiring an additional 275 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in KBR by 101,600.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in KBR during the 4th quarter worth approximately $51,000. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.