StockNews.com Downgrades KBR (NYSE:KBR) to Buy

KBR (NYSE:KBR) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other brokerages have also recently commented on KBR. TD Cowen cut KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a research note on Friday, September 6th. DA Davidson restated a “buy” rating and set a $78.00 target price on shares of KBR in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, KBR presently has an average rating of “Moderate Buy” and an average price target of $75.50.

KBR Trading Up 0.0 %

KBR opened at $63.58 on Friday. KBR has a 1-year low of $49.37 and a 1-year high of $69.50. The stock has a market capitalization of $8.54 billion, a PE ratio of -33.10, a PEG ratio of 1.25 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $65.43 and a two-hundred day moving average price of $64.45.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. KBR had a return on equity of 27.92% and a net margin of 2.77%. As a group, equities analysts anticipate that KBR will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at KBR

In other news, insider Jalal Ibrahim sold 35,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $66.56, for a total transaction of $2,329,600.00. Following the completion of the sale, the insider now owns 106,550 shares of the company’s stock, valued at $7,091,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Rise Advisors LLC bought a new position in KBR in the first quarter valued at $25,000. Larson Financial Group LLC increased its position in shares of KBR by 2,029.2% in the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. CWM LLC increased its position in shares of KBR by 39.4% in the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after acquiring an additional 231 shares during the last quarter. Quarry LP boosted its position in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in KBR by 17.5% in the second quarter. Fifth Third Bancorp now owns 1,204 shares of the construction company’s stock valued at $77,000 after purchasing an additional 179 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

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.