KBR, Inc. (NYSE:KBR) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 3,651 call options on the company. This is an increase of approximately 2,418% compared to the average daily volume of 145 call options.
Shares of KBR (NYSE KBR) opened at $15.14 on Thursday. KBR has a 52 week low of $13.36 and a 52 week high of $21.69. The company has a market capitalization of $2,168.55, a price-to-earnings ratio of 4.95, a P/E/G ratio of 1.27 and a beta of 1.03. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.41.
KBR (NYSE:KBR) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). KBR had a return on equity of 22.65% and a net margin of 10.40%. The business had revenue of $930.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned ($0.59) EPS. The business’s revenue was down 21.8% compared to the same quarter last year. analysts expect that KBR will post 1.35 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Jefferies Group LLC lifted its stake in KBR by 19.4% in the fourth quarter. Jefferies Group LLC now owns 23,517 shares of the construction company’s stock worth $466,000 after acquiring an additional 3,814 shares during the period. Leucadia National Corp lifted its stake in KBR by 25.6% in the fourth quarter. Leucadia National Corp now owns 19,165 shares of the construction company’s stock worth $380,000 after acquiring an additional 3,912 shares during the period. First Trust Advisors LP lifted its stake in KBR by 30.8% in the fourth quarter. First Trust Advisors LP now owns 17,326 shares of the construction company’s stock worth $344,000 after acquiring an additional 4,080 shares during the period. Strs Ohio lifted its stake in KBR by 141.7% in the third quarter. Strs Ohio now owns 8,700 shares of the construction company’s stock worth $155,000 after acquiring an additional 5,100 shares during the period. Finally, E&G Advisors LP lifted its stake in KBR by 48.0% in the third quarter. E&G Advisors LP now owns 18,500 shares of the construction company’s stock worth $331,000 after acquiring an additional 6,000 shares during the period.
A number of research firms have recently weighed in on KBR. Alembic Global Advisors set a $24.00 price objective on KBR and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group lowered KBR from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $16.00 in a research note on Monday. Citigroup dropped their price objective on KBR from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday. DA Davidson dropped their price objective on KBR to $17.50 and set a “neutral” rating for the company in a research note on Monday. Finally, Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.69.
ILLEGAL ACTIVITY WARNING: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3229233/kbr-target-of-unusually-high-options-trading-kbr.html.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.