KBR (NYSE:KBR) Sets New 52-Week Low – Here’s Why

KBR, Inc. (NYSE:KBR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $43.89 and last traded at $44.55, with a volume of 105791 shares. The stock had previously closed at $47.54.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup reduced their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp dropped their price target on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group cut their price target on KBR from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.88.

KBR Price Performance

The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 0.86 and a beta of 0.73. The business has a 50 day simple moving average of $51.01 and a 200-day simple moving average of $58.44. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

KBR (NYSE:KBR) last announced its earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. Equities research analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 1.43%. This is an increase from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio is currently 23.57%.

Insider Buying and Selling

In related news, insider Gregory Sean Conlon sold 19,000 shares of KBR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now directly owns 63,533 shares in the company, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KBR. Delphi Management Inc. MA purchased a new position in shares of KBR in the 1st quarter worth about $291,000. Parallel Advisors LLC boosted its stake in KBR by 10.4% in the first quarter. Parallel Advisors LLC now owns 17,175 shares of the construction company’s stock valued at $855,000 after acquiring an additional 1,613 shares during the last quarter. GAMMA Investing LLC boosted its stake in KBR by 19,601.0% in the first quarter. GAMMA Investing LLC now owns 39,599 shares of the construction company’s stock valued at $1,972,000 after acquiring an additional 39,398 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of KBR by 26.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company’s stock valued at $335,000 after acquiring an additional 1,210 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of KBR by 54.4% during the 4th quarter. Mackenzie Financial Corp now owns 86,444 shares of the construction company’s stock worth $5,008,000 after purchasing an additional 30,468 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It 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.