KBR (NYSE:KBR) Given New $70.00 Price Target at KeyCorp

KBR (NYSE:KBR) had its price objective reduced by KeyCorp from $78.00 to $70.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

KBR has been the subject of several other research reports. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup increased their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

KBR Trading Down 0.6 %

Shares of NYSE KBR opened at $57.45 on Wednesday. The company has a market cap of $7.65 billion, a PE ratio of 24.14, a P/E/G ratio of 1.16 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day moving average price is $60.98 and its 200-day moving average price is $64.12. KBR has a 52-week low of $51.60 and a 52-week high of $72.60.

KBR (NYSE:KBR) 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 net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that KBR will post 3.27 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a $0.15 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. KBR’s payout ratio is 25.21%.

Institutional Trading of KBR

Institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of KBR by 1.9% in the second quarter. Arizona State Retirement System now owns 37,814 shares of the construction company’s stock worth $2,425,000 after buying an additional 712 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of KBR by 8.6% in the second quarter. Texas Permanent School Fund Corp now owns 128,362 shares of the construction company’s stock worth $8,233,000 after purchasing an additional 10,208 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of KBR by 2.1% in the second quarter. Coldstream Capital Management Inc. now owns 34,439 shares of the construction company’s stock worth $2,209,000 after buying an additional 720 shares in the last quarter. Headlands Technologies LLC boosted its stake in KBR by 17.2% during the second quarter. Headlands Technologies LLC now owns 6,897 shares of the construction company’s stock valued at $442,000 after buying an additional 1,012 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in KBR by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 22,477 shares of the construction company’s stock valued at $1,442,000 after buying an additional 1,809 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About KBR

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.