KBR (NYSE:KBR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of KBR (NYSE:KBR) from a buy rating to a hold rating in a research note released on Sunday morning.

Other equities research analysts have also recently issued research reports about the company. Truist Financial cut their price target on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KBR in a research report on Wednesday, October 8th. Oppenheimer initiated coverage on shares of KBR in a report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price target for the company. Bank of America dropped their price objective on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Finally, Wells Fargo & Company began coverage on KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price target for the company. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.40.

KBR Price Performance

KBR stock opened at $44.03 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $5.59 billion, a PE ratio of 15.13, a P/E/G ratio of 1.09 and a beta of 0.52. The business’s fifty day moving average price is $41.98 and its 200 day moving average price is $45.49. KBR has a 12-month low of $39.52 and a 12-month high of $60.98.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. KBR had a net margin of 4.71% and a return on equity of 35.14%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, sell-side analysts anticipate that KBR will post 3.26 EPS for the current year.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, December 15th. This represents a $0.66 annualized dividend and a yield of 1.5%. KBR’s payout ratio is currently 22.68%.

Institutional Trading of KBR

Hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its holdings in KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after acquiring an additional 401 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after purchasing an additional 493 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of KBR by 75.8% in the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after purchasing an additional 266 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of KBR during the third quarter worth about $32,000. Finally, Byrne Asset Management LLC acquired a new position in KBR in the second quarter worth about $41,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.