KBR (NYSE:KBR) Share Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

KBR, Inc. (NYSE:KBR)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.98 and traded as low as $36.25. KBR shares last traded at $36.3580, with a volume of 3,353,744 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KBR shares. Wells Fargo & Company upped their price target on shares of KBR from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Citigroup lowered their price objective on shares of KBR from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Wall Street Zen upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. UBS Group increased their target price on shares of KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Oppenheimer reduced their target price on shares of KBR from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, September 22nd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, KBR currently has an average rating of “Hold” and a consensus price target of $44.83.

KBR Stock Performance

The firm has a market capitalization of $4.48 billion, a PE ratio of 10.20, a P/E/G ratio of 1.96 and a beta of 0.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a fifty day moving average price of $36.71 and a 200 day moving average price of $36.93.

KBR (NYSE:KBR) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.04 billion. KBR had a return on equity of 31.66% and a net margin of 5.65%. KBR’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. Research analysts anticipate that KBR, Inc. will post 4.01 earnings per share for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th will be given a $0.1650 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 15th. KBR’s dividend payout ratio (DPR) is 18.97%.

Institutional Investors Weigh In On KBR

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in KBR by 6.5% in the 3rd quarter. First Trust Advisors LP now owns 1,429,397 shares of the construction company’s stock worth $50,258,000 after purchasing an additional 87,685 shares during the period. Boston Partners grew its position in KBR by 22.1% during the 3rd quarter. Boston Partners now owns 600,746 shares of the construction company’s stock worth $21,122,000 after purchasing an additional 108,561 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in KBR during the 3rd quarter valued at $276,000. Voya Investment Management LLC raised its stake in KBR by 6.2% during the 3rd quarter. Voya Investment Management LLC now owns 10,190 shares of the construction company’s stock valued at $358,000 after purchasing an additional 591 shares during the period. Finally, Public Sector Pension Investment Board acquired a new stake in KBR during the 3rd quarter valued at $3,869,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About KBR

KBR, Inc. is a global provider of engineering, technology and professional services. The company serves government and commercial customers through two main businesses: Government Solutions and Sustainable Technology Solutions. Government Solutions supports defense, intelligence, space and civilian agencies with services that include mission support, logistics, science and technology, and operations and maintenance. Sustainable Technology Solutions provides engineering, consulting and project services for energy, chemicals and other industrial markets, along with technologies related to lower-carbon energy and sustainable products.