By otakuyassine3@gmail.com 
Shares of KBR, Inc. (NYSE:KBR – Get Free Report) shot up 7.8% during mid-day trading on Thursday . The stock traded as high as $59.77 and last traded at $59.51. 567,007 shares traded hands during trading, a decline of 52% from the average session volume of 1,190,606 shares. The stock had previously closed at $55.19.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. 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 report on Wednesday, October 30th. Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Finally, TD Cowen lowered shares of 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.14.
Get Our Latest Stock Report on KBR
KBR Stock Performance
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 $7.59 billion, a PE ratio of 23.95, a P/E/G ratio of 1.18 and a beta of 0.84. The firm’s 50-day moving average price is $64.06 and its two-hundred day moving average price is $64.71.
KBR (NYSE:KBR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations 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 company posted $0.75 EPS. As a group, research analysts predict that KBR, Inc. will post 3.27 earnings per share for the current fiscal year.
KBR Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, December 13th. KBR’s dividend payout ratio is currently 25.21%.
Institutional Trading of KBR
Several institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in KBR during the third quarter valued at $26,000. Larson Financial Group LLC grew its stake in shares of KBR by 2,029.2% in the 2nd quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after buying an additional 487 shares in the last quarter. Quarry LP increased its holdings in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the last quarter. Eastern Bank bought a new position in KBR during the third quarter valued at approximately $65,000. Finally, Fifth Third Bancorp lifted its stake in KBR by 17.5% in the second 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 currently owned by institutional investors and hedge funds.
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.
Further Reading
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