KBR (NYSE:KBR) Upgraded at TheStreet

Posted by Nicole Kennedy on Aug 6th, 2022

TheStreet upgraded shares of KBR (NYSE:KBR – Get Rating) from a c rating to a b rating in a report issued on Tuesday morning, TheStreetRatingsTable reports.

KBR has been the topic of a number of other research reports. KeyCorp boosted their target price on shares of KBR from $55.00 to $66.00 in a research report on Thursday, April 14th. Credit Suisse Group dropped their target price on shares of KBR from $66.00 to $63.00 and set an outperform rating on the stock in a research report on Wednesday. StockNews.com upgraded shares of KBR from a hold rating to a buy rating in a research note on Wednesday. Finally, Citigroup decreased their price target on shares of KBR from $65.00 to $60.00 in a research note on Friday, July 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, KBR has a consensus rating of Buy and an average price target of $63.25.

KBR Trading Up 0.5 %

NYSE:KBR opened at $50.92 on Tuesday. KBR has a 12 month low of $36.71 and a 12 month high of $56.94. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 54.17 and a beta of 1.23. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $48.93 and its 200-day moving average is $49.24.

KBR (NYSE:KBR – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The construction company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. KBR had a net margin of 1.90% and a return on equity of 25.02%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that KBR will post 2.62 EPS for the current year.

KBR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were issued a $0.12 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. KBR’s dividend payout ratio is 51.06%.

Insider Activity at KBR

In other news, CFO Mark W. Sopp acquired 1,050 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $47.74 per share, with a total value of $50,127.00. Following the acquisition, the chief financial officer now owns 118,497 shares of the company’s stock, valued at approximately $5,657,046.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Mark W. Sopp acquired 1,050 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $47.74 per share, with a total value of $50,127.00. Following the acquisition, the chief financial officer now owns 118,497 shares of the company’s stock, valued at approximately $5,657,046.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark W. Sopp acquired 1,100 shares of the company’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $45.99 per share, with a total value of $50,589.00. Following the completion of the acquisition, the chief financial officer now directly owns 117,447 shares in the company, valued at approximately $5,401,387.53. The disclosure for this purchase can be found here. 0.91% of the stock is currently owned by company insiders.

Institutional Trading of KBR

Institutional investors and hedge funds have recently modified their holdings of the stock. Sageworth Trust Co of South Dakota acquired a new position in shares of KBR in the 4th quarter valued at approximately $31,000. USA Financial Portformulas Corp acquired a new position in shares of KBR in the 4th quarter valued at approximately $39,000. Elequin Capital LP acquired a new position in shares of KBR in the 1st quarter valued at approximately $39,000. Rockefeller Capital Management L.P. grew its position in shares of KBR by 54.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,291 shares of the construction company’s stock valued at $61,000 after purchasing an additional 454 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in shares of KBR in the 1st quarter valued at approximately $68,000.

About KBR

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KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.