KeyCorp Forecasts Strong Price Appreciation for KBR (NYSE:KBR) Stock

KBR (NYSE:KBR) had its price target increased by KeyCorp from $75.00 to $78.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

KBR has been the subject of several other research reports. DA Davidson boosted their price objective on shares of KBR from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen cut shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a report on Friday, September 6th. UBS Group increased 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. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. Finally, Citigroup raised their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.14.

KBR Trading Up 1.1 %

Shares of KBR stock opened at $71.59 on Thursday. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.42 and a beta of 0.89. The company’s fifty day simple moving average is $66.42 and its two-hundred day simple moving average is $65.78. KBR has a 1 year low of $50.45 and a 1 year high of $71.94. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR) last released its quarterly earnings data 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 return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that KBR will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. KBR’s payout ratio is 25.21%.

Insider Transactions at KBR

In related news, insider Jalal Ibrahim sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the transaction, the insider now directly owns 106,550 shares of the company’s stock, valued at approximately $7,091,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its position in KBR by 17.5% during the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after buying an additional 179 shares during the period. CWM LLC grew its position in KBR by 39.4% during the 2nd quarter. CWM LLC now owns 817 shares of the construction company’s stock worth $52,000 after acquiring an additional 231 shares during the last quarter. Blue Trust Inc. grew its position in KBR by 27.7% during the 2nd quarter. Blue Trust Inc. now owns 1,457 shares of the construction company’s stock worth $93,000 after acquiring an additional 316 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in KBR by 2.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after purchasing an additional 335 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in KBR by 2.6% in the second 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. 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.