DA Davidson Raises KBR (NYSE:KBR) Price Target to $84.00

KBR (NYSE:KBR) had its target price increased by DA Davidson from $78.00 to $84.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other equities analysts also recently weighed in on the stock. TD Cowen downgraded shares of 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. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Citigroup increased their price objective on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, KeyCorp boosted their target price on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

KBR Stock Down 0.4 %

Shares of KBR opened at $66.75 on Friday. The company has a market capitalization of $8.96 billion, a P/E ratio of -34.77, a PEG ratio of 1.45 and a beta of 0.90. KBR has a one year low of $49.37 and a one year high of $71.38. The business’s 50 day simple moving average is $66.22 and its 200-day simple moving average is $65.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that KBR will post 3.25 EPS for the current fiscal year.

KBR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 yield of 0.90%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is currently -31.25%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total value of $2,329,600.00. Following the completion of the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On KBR

A number of large investors have recently bought and sold shares of KBR. Diversify Wealth Management LLC lifted its position in shares of KBR by 15.6% in the third quarter. Diversify Wealth Management LLC now owns 6,099 shares of the construction company’s stock worth $410,000 after purchasing an additional 824 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in KBR in the 3rd quarter valued at $221,000. State of Alaska Department of Revenue lifted its position in KBR by 162.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company’s stock worth $2,503,000 after buying an additional 23,810 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of KBR during the 3rd quarter worth about $297,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of KBR by 993.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 170,515 shares of the construction company’s stock valued at $11,106,000 after acquiring an additional 154,915 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Company Profile

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.