KBR, Inc. (NYSE:KBR) Given Consensus Rating of “Hold” by Brokerages

KBR, Inc. (NYSE:KBR) has received a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $57.00.

Several research firms recently weighed in on KBR. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Wells Fargo & Company initiated coverage on KBR in a research report on Thursday, November 13th. They set an “equal weight” rating and a $45.00 target price on the stock. Oppenheimer assumed coverage on shares of KBR in a research report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price target for the company. Weiss Ratings upgraded KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Citigroup lowered their price target on shares of KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, January 26th.

KBR Stock Performance

Shares of NYSE KBR opened at $43.03 on Friday. KBR has a 12-month low of $39.43 and a 12-month high of $56.78. The company has a market cap of $5.46 billion, a PE ratio of 14.79, a P/E/G ratio of 1.04 and a beta of 0.51. The stock has a 50 day simple moving average of $42.47 and a 200-day simple moving average of $44.78. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, March 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.5%. KBR’s dividend payout ratio (DPR) is currently 22.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of KBR by 3.5% in the fourth quarter. Invesco Ltd. now owns 5,736,873 shares of the construction company’s stock valued at $230,622,000 after purchasing an additional 192,383 shares during the period. Boston Partners lifted its holdings in shares of KBR by 25.6% during the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after acquiring an additional 1,122,076 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in KBR by 8.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock valued at $196,116,000 after purchasing an additional 308,268 shares in the last quarter. Franklin Resources Inc. boosted its stake in KBR by 17.8% in the 2nd quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock valued at $163,929,000 after buying an additional 517,633 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of KBR by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,806,715 shares of the construction company’s stock valued at $112,834,000 after purchasing an additional 255,948 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.