KBR, Inc. (KBR) Lowered to “Sell” at BidaskClub
BidaskClub cut shares of KBR, Inc. (NYSE:KBR) from a hold rating to a sell rating in a report issued on Friday.
KBR has been the topic of several other reports. Zacks Investment Research lowered shares of KBR from a hold rating to a sell rating in a report on Tuesday, July 4th. Vertical Research upgraded shares of KBR from a hold rating to a buy rating in a report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. KBR currently has an average rating of Hold and a consensus price target of $18.22.
KBR (NYSE KBR) traded up 0.34% on Friday, reaching $14.97. 436,096 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $15.12 and its 200 day moving average price is $15.23. KBR has a 52-week low of $13.16 and a 52-week high of $17.95. The firm’s market capitalization is $2.14 billion.
KBR (NYSE:KBR) last announced its quarterly earnings data on Friday, April 28th. The construction company reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. KBR had a negative net margin of 1.51% and a positive return on equity of 4.79%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $0.30 earnings per share. KBR’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that KBR will post $1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Tuesday, June 13th. KBR’s payout ratio is presently -68.08%.
A number of large investors have recently modified their holdings of the stock. NGAM Advisors L.P. boosted its position in KBR by 1.0% in the second quarter. NGAM Advisors L.P. now owns 19,629 shares of the construction company’s stock valued at $299,000 after buying an additional 201 shares during the last quarter. Capstone Asset Management Co. boosted 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 valued at $259,000 after buying an additional 290 shares during the last quarter. Ngam Advisors L.P. boosted its position in KBR by 1.6% in the first quarter. Ngam Advisors L.P. now owns 19,428 shares of the construction company’s stock valued at $292,000 after buying an additional 309 shares during the last quarter. Loews Corp boosted its position in KBR by 1.8% in the first quarter. Loews Corp now owns 27,813 shares of the construction company’s stock valued at $418,000 after buying an additional 500 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in KBR by 3.2% in the first quarter. Advantus Capital Management Inc now owns 18,293 shares of the construction company’s stock valued at $275,000 after buying an additional 562 shares during the last quarter. 99.87% of the stock is owned by hedge funds and other 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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