KBR (NYSE:KBR) Sets New 12-Month Low After Analyst Downgrade

KBR, Inc. (NYSE:KBR)’s share price reached a new 52-week low 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 trading hands. The stock had previously closed at $49.14.

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

Hedge Funds Weigh In On KBR

Several institutional investors have recently modified their holdings of KBR. Wealth Enhancement Advisory Services LLC purchased a new stake in KBR during the 3rd quarter worth about $297,000. State of Alaska Department of Revenue lifted its stake in KBR by 162.6% in the third quarter. State of Alaska Department of Revenue now owns 38,455 shares of the construction company’s stock worth $2,503,000 after acquiring an additional 23,810 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of KBR in the 3rd quarter valued at approximately $221,000. Diversify Wealth Management LLC lifted its position in shares of KBR by 15.6% during the 3rd 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 during the last quarter. Finally, Congress Asset Management Co. increased its holdings in KBR by 16.5% in the third quarter. Congress Asset Management Co. now owns 191,277 shares of the construction company’s stock valued at $12,458,000 after buying an additional 27,092 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Up 1.1 %

The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. 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 has a 50-day moving average price of $55.67 and a two-hundred day moving average price of $61.60.

KBR (NYSE:KBR) last issued its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

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