KBR (NYSE:KBR) Sets New 12-Month High – Time to Buy?

KBR, Inc. (NYSE:KBR)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $71.53 and last traded at $70.90, with a volume of 16258 shares changing hands. The stock had previously closed at $68.03.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson boosted their price target on KBR from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research report on Friday, September 6th. Finally, KeyCorp boosted their price target on KBR from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus price target of $80.71.

KBR Stock Performance

The firm has a market capitalization of $9.33 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The business’s 50 day simple moving average is $66.30 and its two-hundred day simple moving average is $65.63.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. Research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. KBR’s dividend payout ratio (DPR) is 25.21%.

Insider Transactions at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the company’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 completion of the sale, the insider now directly owns 106,550 shares in the company, valued at $7,091,968. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its stake in KBR by 17.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock worth $77,000 after buying an additional 179 shares in the last quarter. CWM LLC boosted its holdings in shares of KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock valued at $93,000 after purchasing an additional 316 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of KBR by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after purchasing an additional 335 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of KBR by 2.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,865 shares of the construction company’s stock valued at $1,082,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors 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.