KBR (NYSE:KBR) Hits New 1-Year Low – Here’s What Happened

KBR, Inc. (NYSE:KBR) shares hit a new 52-week low on Tuesday . The stock traded as low as $39.52 and last traded at $39.7650, with a volume of 293489 shares. The stock had previously closed at $40.13.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company assumed coverage on KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 price target on the stock. Oppenheimer started coverage on KBR in a report on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 target price on the stock. Citigroup decreased their price objective on shares of KBR from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Truist Financial lowered their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.00.

KBR Stock Down 0.7%

The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.09 and a beta of 0.54. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.74. The firm has a fifty day moving average price of $42.52 and a 200-day moving average price of $46.57.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, sell-side analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.7%. KBR’s dividend payout ratio (DPR) is currently 22.68%.

Hedge Funds Weigh In On KBR

A number of hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its stake in shares of KBR by 207.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after buying an additional 401 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. Bessemer Group Inc. grew its position in KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of KBR during the 3rd quarter worth about $32,000. Finally, Byrne Asset Management LLC purchased a new position in KBR in the second quarter valued at approximately $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.