KBR (NYSE:KBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

According to Zacks, “KBR’s first-quarter 2019 earnings and revenues exceeded analysts’ expectation by 9.1% and 11.9%, respectively. Notably, industry-leading organic growth of 22% in Government Services and 48% in Technology business led to the company’s impressive performance. The growth was attributable to ongoing improvement in KBR’s overseas logistics and mission support programs, given higher military exercise activities, the acquisition of SGT, and consolidation of Aspire. Shares of KBR have outperformed the industry year to date. Estimates have remianed stable for 2019 but increased for 2020 over the past 30 days. However, risk of cost overruns, intense competition and dependency upon major construction contracts pose concerns.”

KBR has been the topic of a number of other research reports. KeyCorp upped their price objective on shares of KBR from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. ValuEngine upgraded shares of KBR from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Macquarie set a $25.00 price objective on shares of KBR and gave the stock a “hold” rating in a report on Thursday, May 2nd. Deutsche Bank set a $24.00 price objective on shares of KBR and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Cowen restated a “hold” rating and issued a $23.00 price objective on shares of KBR in a report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.50.

Shares of NYSE KBR traded down $0.30 during midday trading on Monday, hitting $21.96. 95,276 shares of the company traded hands, compared to its average volume of 1,596,672. KBR has a 12-month low of $13.90 and a 12-month high of $23.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $3.15 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.49 and a beta of 1.51.

KBR (NYSE:KBR) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. KBR had a net margin of 3.51% and a return on equity of 12.84%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Research analysts anticipate that KBR will post 1.66 earnings per share for the current year.

In other news, insider Farhan Mujib sold 2,496 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $20.00, for a total value of $49,920.00. Following the transaction, the insider now owns 138,576 shares in the company, valued at $2,771,520. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Derbyshire sold 5,460 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $19.95, for a total transaction of $108,927.00. Following the completion of the transaction, the insider now owns 74,570 shares in the company, valued at approximately $1,487,671.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of KBR. Loews Corp increased its holdings in KBR by 2.7% during the first quarter. Loews Corp now owns 25,471 shares of the construction company’s stock valued at $486,000 after buying an additional 663 shares during the last quarter. Neuburgh Advisers LLC increased its stake in shares of KBR by 5.3% in the fourth quarter. Neuburgh Advisers LLC now owns 17,006 shares of the construction company’s stock worth $258,000 after purchasing an additional 858 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of KBR by 0.5% in the first quarter. Retirement Systems of Alabama now owns 183,562 shares of the construction company’s stock worth $3,504,000 after purchasing an additional 908 shares in the last quarter. Advisor Group Inc. increased its stake in shares of KBR by 182.4% in the first quarter. Advisor Group Inc. now owns 1,624 shares of the construction company’s stock worth $31,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of KBR by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,351 shares of the construction company’s stock worth $855,000 after purchasing an additional 1,188 shares in the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

About KBR

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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