A Look at KBR Inc. (KBR) Shares in the Recent Past Indicates Growth

KBR Inc. (NYSE: KBR) stock fell -3.04% on Friday to $45.61 against a previous-day closing price of $47.04. With 1.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.51 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $47.18 whereas the lowest price it dropped to was $45.02. The 52-week range on KBR shows that it touched its highest point at $56.94 and its lowest point at $37.56 during that stretch. It currently has a 1-year price target of $63.00. With its current market cap of 6.39 billion, KBR has annualized dividend of $0.48 while the current yield stands at 1.05%. Beta for the stock currently stands at 1.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KBR was down-trending over the past week, with a drop of -8.01%, but this was down by -10.20% over a month. Three-month performance surged to 2.38% while six-month performance fell -14.22%. The stock gained 21.14% in the past year, while it has lost -4.22% so far this year. A look at the trailing 12-month EPS for KBR yields 0.91 with Next year EPS estimates of 3.09. For the next quarter, that number is 0.64. This implies an EPS growth rate of 124.50% for this year and 18.09% for next year. EPS is expected to grow by 11.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.00%.

Float and Shares Shorts:

At present, 139.00 million KBR shares are outstanding with a float of 137.65 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.79 million, which was 3.43% higher than short shares on Jun 14, 2022. In addition to Mr. Stuart J. B. Bradie as the firm’s CEO, Pres & Director, Mr. Mark W. Sopp serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 107.26% of KBR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.36% of KBR, in contrast to 46.42% held by mutual funds. Shares owned by individuals account for 15.01%. As the largest shareholder in KBR with 9.10% of the stake, The Vanguard Group, Inc. holds 12,655,500 shares worth 12,655,500. A second-largest stockholder of KBR, BlackRock Fund Advisors, holds 11,285,097 shares, controlling over 8.12% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in KBR, holding 10,755,795 shares or 7.74% stake. With a 2.97% stake in KBR, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 4,122,427 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.95% of KBR stock, is the second-largest Mutual Fund holder. It holds 4,095,481 shares valued at 197.81 million. MFS Mid Cap Value Fund holds 2.67% of the stake in KBR, owning 3,717,048 shares worth 179.53 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KBR since 11 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KBR analysts setting a high price target of $66.00 and a low target of $56.00, the average target price over the next 12 months is $63.00. Based on these targets, KBR could surge 44.71% to reach the target high and rise by 22.78% to reach the target low. Reaching the average price target will result in a growth of 38.13% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KBR will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $2.68 being high and $2.40 being low. For KBR, this leads to a yearly average estimate of $2.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. KBR Inc. surprised analysts by $0.11 when it reported $0.76 EPS against a consensus estimate of $0.65. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.73 and the low estimate is $0.60. The average estimate for the next quarter is thus $0.63.

Summary of Insider Activity:

Insiders traded KBR stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 4,990 shares were bought while 23,675 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 169,072 while 103,027 shares were sold.

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