KBR (NYSE:KBR – Free Report) had its price objective reduced by KeyCorp from $78.00 to $70.00 in a report released on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.
KBR has been the subject of several other research reports. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. TD Cowen dropped their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. UBS Group boosted their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup raised their price target on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, KBR currently has an average rating of “Moderate Buy” and an average target price of $78.86.
Read Our Latest Stock Analysis on KBR
KBR Trading Down 0.6 %
KBR (NYSE:KBR – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. KBR’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts forecast that KBR will post 3.27 EPS for the current year.
KBR Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, December 13th. KBR’s payout ratio is 25.21%.
Hedge Funds Weigh In On KBR
Several institutional investors have recently bought and sold shares of KBR. True Wealth Design LLC purchased a new position in shares of KBR in the 3rd quarter worth approximately $26,000. Quarry LP boosted its stake in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after acquiring an additional 673 shares in the last quarter. Eastern Bank purchased a new position in KBR in the third quarter worth $65,000. Daiwa Securities Group Inc. acquired a new position in shares of KBR during the third quarter worth $111,000. Finally, Blue Trust Inc. boosted its position in shares of KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after purchasing an additional 469 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.
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.
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