KBR, Inc. (NYSE:KBR) Receives Average Recommendation of "Moderate Buy" from Analysts

Market Beat
2024.10.26 09:10

KBR, Inc. (NYSE:KBR) has received a consensus rating of "Moderate Buy" from eight analysts, with one hold and seven buy recommendations. The average 12-month price target is $XX. Recent analyst reports include DA Davidson and Citigroup raising their price targets and maintaining buy ratings, while TD Cowen downgraded KBR to hold. Insider Jalal Ibrahim sold 35,000 shares, and institutional investors have significantly increased their holdings. KBR's stock performance shows a market cap of $XX billion and a P/E ratio of 45.39. The company reported earnings of $XX.84 per share, meeting estimates, with a revenue increase of 10% year-over-year.

KBR, Inc. (NYSE:KBR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $78.75.

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KBR has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of KBR from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Friday. Citigroup raised their target price on KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com downgraded KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. KeyCorp boosted their price objective on KBR from $73.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Finally, TD Cowen downgraded KBR from a "buy" rating to a "hold" rating and set a $72.00 target price for the company. in a research note on Friday, September 6th.

Check Out Our Latest Research Report on KBR

Insider Buying and Selling

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In other KBR news, insider Jalal Ibrahim sold 35,000 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. CWM LLC grew its holdings in KBR by 39.4% in the 2nd quarter. CWM LLC now owns 817 shares of the construction company's stock valued at $52,000 after buying an additional 231 shares in the last quarter. Quarry LP increased its stake in shares of KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company's stock worth $53,000 after acquiring an additional 673 shares during the last quarter. Eastern Bank purchased a new position in shares of KBR during the 3rd quarter worth $65,000. Finally, Fifth Third Bancorp boosted its position in shares of KBR by 17.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company's stock valued at $77,000 after acquiring an additional 179 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Stock Performance

NYSE KBR opened at $66.73 on Friday. KBR has a fifty-two week low of $49.37 and a fifty-two week high of $71.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $8.88 billion, a P/E ratio of 45.39, a PEG ratio of 1.45 and a beta of 0.90. The stock has a 50-day simple moving average of $66.22 and a two-hundred day simple moving average of $65.36.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.84. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company posted $0.75 earnings per share. KBR's revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts forecast that KBR will post 3.25 earnings per share for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, December 13th. KBR's dividend payout ratio is presently 40.82%.

KBR Company Profile

(Get Free Report

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

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