BidaskClub cut shares of KBR, Inc. (NYSE:KBR) from a hold rating to a sell rating in a report released on Saturday morning.
A number of other research analysts also recently commented on KBR. TheStreet raised KBR from a d+ rating to a c- rating in a report on Thursday, August 3rd. Zacks Investment Research raised KBR from a sell rating to a hold rating in a report on Monday, July 17th. Finally, Vertical Research raised KBR from a hold rating to a buy rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $18.22.
KBR (NYSE KBR) traded down 0.13% during midday trading on Friday, reaching $14.92. The company’s stock had a trading volume of 1,745,847 shares. KBR has a 12-month low of $13.16 and a 12-month high of $17.95. The stock’s market cap is $2.09 billion. The stock’s 50 day moving average is $15.54 and its 200 day moving average is $15.18.
KBR (NYSE:KBR) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. KBR had a positive return on equity of 8.74% and a negative net margin of 0.81%. KBR’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. Analysts anticipate that KBR will post $1.43 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. KBR’s dividend payout ratio is presently -128.00%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in KBR by 1.7% in the first quarter. Capstone Asset Management Co. now owns 17,241 shares of the construction company’s stock worth $259,000 after buying an additional 290 shares in the last quarter. Louisiana State Employees Retirement System increased its position in KBR by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the construction company’s stock worth $543,000 after buying an additional 800 shares in the last quarter. Nationwide Fund Advisors increased its position in KBR by 0.3% in the first quarter. Nationwide Fund Advisors now owns 253,356 shares of the construction company’s stock worth $3,808,000 after buying an additional 649 shares in the last quarter. Russell Investments Group Ltd. increased its position in KBR by 8.8% in the first quarter. Russell Investments Group Ltd. now owns 2,116,284 shares of the construction company’s stock worth $31,806,000 after buying an additional 171,232 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in KBR by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 49,851 shares of the construction company’s stock worth $749,000 after buying an additional 700 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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