KBR (NYSE:KBR) Reaches New 1-Year Low on Analyst Downgrade

KBR, Inc. (NYSE:KBR)’s share price hit a new 52-week low on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $75.00 to $64.00. The Goldman Sachs Group currently has a buy rating on the stock. KBR traded as low as $47.55 and last traded at $50.26, with a volume of 6210495 shares traded. The stock had previously closed at $49.14.

Several other research firms have also recently commented on KBR. UBS Group raised their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen reduced their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. KeyCorp dropped their target price on shares of KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday. DA Davidson restated a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. Finally, Citigroup dropped their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.88.

Institutional Investors Weigh In On KBR

Several hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC acquired a new position in KBR during the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its holdings in shares of KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. LRI Investments LLC purchased a new position in shares of KBR during the fourth quarter valued at approximately $31,000. First Horizon Advisors Inc. bought a new stake in KBR during the fourth quarter worth $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in KBR in the 4th quarter valued at $68,000. 97.02% of the stock is owned by institutional investors.

KBR Trading Up 1.1 %

The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $6.45 billion, a P/E ratio of 20.34, a PEG ratio of 0.86 and a beta of 0.83. The firm has a 50 day simple moving average of $55.67 and a two-hundred day simple moving average of $61.60.

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

KBR Increases Dividend

The firm 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 is a positive change from KBR’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.36%. KBR’s dividend payout ratio is currently 23.57%.

About KBR

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.