KBR (NYSE:KBR) Hits New 52-Week Low Following Analyst Downgrade

KBR, Inc. (NYSE:KBR) shares reached a new 52-week low during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $75.00 to $64.00. The Goldman Sachs Group currently has a buy rating on the stock. KBR traded as low as $47.55 and last traded at $50.26, with a volume of 6210495 shares changing hands. The stock had previously closed at $49.14.

Other analysts also recently issued research reports about the stock. Citigroup lowered their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. UBS Group boosted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson reissued a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. KeyCorp dropped their price objective on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in KBR by 54.4% during the 4th quarter. Mackenzie Financial Corp now owns 86,444 shares of the construction company’s stock valued at $5,008,000 after acquiring an additional 30,468 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in KBR in the 4th quarter valued at approximately $3,627,000. Sunbelt Securities Inc. grew its holdings in KBR by 2,017.1% during the 4th quarter. Sunbelt Securities Inc. now owns 2,350 shares of the construction company’s stock valued at $135,000 after buying an additional 2,239 shares during the last quarter. PharVision Advisers LLC purchased a new position in KBR during the fourth quarter worth $308,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in KBR by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 371,836 shares of the construction company’s stock valued at $21,540,000 after purchasing an additional 50,805 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 1.1 %

The business’s fifty day moving average price is $55.67 and its 200 day moving average price is $61.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $6.45 billion, a PE ratio of 20.34, a P/E/G ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. As a group, analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.165 per share. This is a positive change from KBR’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a yield of 1.36%. KBR’s dividend payout ratio is 23.57%.

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.