KBR (NYSE:KBR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KBR (NYSE:KBR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other brokerages also recently weighed in on KBR. Bank of America decreased their target price 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. Citigroup cut their price target on KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Oppenheimer initiated coverage on KBR in a research note on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price objective for the company. Weiss Ratings raised KBR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Finally, Truist Financial reduced their price target on KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.00.

KBR Stock Down 5.7%

Shares of KBR stock opened at $40.26 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50-day moving average of $42.40 and a 200 day moving average of $44.60. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.05 and a beta of 0.51. KBR has a 1 year low of $39.43 and a 1 year high of $56.78.

KBR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.6%. KBR’s dividend payout ratio (DPR) is 22.68%.

Hedge Funds Weigh In On KBR

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in shares of KBR by 343.5% in the fourth quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock worth $110,494,000 after acquiring an additional 2,128,895 shares during the period. Norges Bank purchased a new stake in KBR in the second quarter worth approximately $92,565,000. Wellington Management Group LLP grew its position in KBR by 1,611.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock worth $93,366,000 after purchasing an additional 1,858,961 shares during the period. Alyeska Investment Group L.P. purchased a new stake in KBR during the 3rd quarter valued at $54,038,000. Finally, Boston Partners raised its stake in KBR by 25.6% during the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock valued at $264,474,000 after buying an additional 1,122,076 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

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.