KBR (NYSE:KBR) Reaches New 1-Year Low – Here’s What Happened

KBR, Inc. (NYSE:KBR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.55 and last traded at $50.26, with a volume of 6210495 shares. The stock had previously closed at $49.14.

Analyst Ratings Changes

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

KBR Stock Up 2.3 %

The company’s 50 day moving average is $55.99 and its 200 day moving average is $61.81. The company has a market cap of $6.70 billion, a PE ratio of 21.12, a P/E/G ratio of 0.86 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

KBR (NYSE:KBR) last issued its earnings results on Monday, February 24th. The construction company reported $0.91 EPS for the quarter, topping 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%. As a group, analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. This is a boost from KBR’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 14th. KBR’s dividend payout ratio is currently 27.73%.

Hedge Funds Weigh In On KBR

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