KBR (NYSE:KBR) Price Target Lowered to $64.00 at The Goldman Sachs Group

KBR (NYSE:KBR) had its price objective trimmed by The Goldman Sachs Group from $75.00 to $64.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other research analysts have also recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. UBS Group increased their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup cut their price objective on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, KeyCorp lowered their target price on KBR from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.88.

KBR Price Performance

KBR stock opened at $47.89 on Wednesday. KBR has a 12 month low of $47.16 and a 12 month high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $55.67 and a 200-day simple moving average of $61.60. The stock has a market capitalization of $6.38 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83.

KBR (NYSE:KBR) last released its quarterly earnings data on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.12 billion during 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 analysts predict that KBR will post 3.26 earnings per share for the current year.

KBR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from KBR’s previous quarterly dividend of $0.15. KBR’s dividend payout ratio (DPR) is presently 27.73%.

Institutional Trading of KBR

A number of large investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after acquiring an additional 200 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of KBR by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock valued at $239,000 after acquiring an additional 203 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of KBR by 1.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock valued at $1,283,000 after acquiring an additional 300 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of KBR by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after acquiring an additional 335 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

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.