KBR (NYSE:KBR) Hits New 1-Year High After Analyst Upgrade

Posted by Defense World Staff on Jul 19th, 2023

KBR, Inc. (NYSE:KBR – Get Free Report)’s share price reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from $72.00 to $75.00. Stifel Nicolaus currently has a buy rating on the stock. KBR traded as high as $65.87 and last traded at $65.80, with a volume of 155385 shares trading hands. The stock had previously closed at $65.21.

Separately, StockNews.com raised KBR from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KBR has an average rating of “Buy” and an average price target of $67.57.

Insider Activity

In related news, CEO Stuart Bradie sold 2,387 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $59.51, for a total transaction of $142,050.37. Following the sale, the chief executive officer now owns 669,639 shares in the company, valued at $39,850,216.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other KBR news, EVP Jennifer Myles sold 480 shares of KBR stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $65.32, for a total transaction of $31,353.60. Following the transaction, the executive vice president now directly owns 14,520 shares in the company, valued at approximately $948,446.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stuart Bradie sold 2,387 shares of KBR stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.51, for a total transaction of $142,050.37. Following the transaction, the chief executive officer now owns 669,639 shares in the company, valued at $39,850,216.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,656 shares of company stock worth $7,565,090. 1.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC acquired a new position in KBR during the 4th quarter worth $34,000. Fred Alger Management LLC acquired a new position in KBR during the 3rd quarter worth $36,000. Harbor Capital Advisors Inc. bought a new position in shares of KBR during the 2nd quarter worth about $37,000. Quadrant Capital Group LLC increased its holdings in shares of KBR by 113.7% during the 4th quarter. Quadrant Capital Group LLC now owns 750 shares of the construction company’s stock worth $40,000 after purchasing an additional 399 shares during the period. Finally, Van ECK Associates Corp bought a new position in shares of KBR during the 1st quarter worth about $48,000.

KBR Stock Performance

The company has a market cap of $8.88 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.58 and a beta of 1.13. The firm’s fifty day moving average price is $62.21 and its 200-day moving average price is $56.65. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83.

KBR (NYSE:KBR – Get Free Report) last posted its earnings results on Monday, May 1st. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.61 billion. KBR had a net margin of 5.30% and a return on equity of 26.13%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. As a group, research analysts forecast that KBR, Inc. will post 2.88 EPS for the current fiscal year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.54 annualized dividend and a yield of 0.83%. KBR’s dividend payout ratio is 23.68%.

KBR Company Profile

(Get Free Report)

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