KBR Inc. (NYSE: KBR) stock jumped 2.06% on Monday to $61.45 against a previous-day closing price of $60.21. With 1.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.14 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $61.88 whereas the lowest price it dropped to was $60.26. The 52-week range on KBR shows that it touched its highest point at $65.87 and its lowest point at $41.96 during that stretch. It currently has a 1-year price target of $74.27. With its current market cap of 8.37 billion, KBR has annualized dividend of $0.54 while the current yield stands at 0.88%. Beta for the stock currently stands at 1.12.
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 up-trending over the past week, with a rise of 2.78%, but this was up by 3.96% over a month. Three-month performance dropped to -6.28% while six-month performance rose 20.68%. The stock gained 23.94% in the past year, while it has gained 16.38% so far this year. A look at the trailing 12-month EPS for KBR yields -0.93 with Next year EPS estimates of 3.62. For the next quarter, that number is 0.75. This implies an EPS growth rate of 556.10% for this year and 24.31% for next year. EPS is expected to grow by 17.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.90%.
Float and Shares Shorts:
At present, 135.00 million KBR shares are outstanding with a float of 133.51 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.58 million, which was 2.65% higher than short shares on Jul 30, 2023. In addition to PBR as the firm’s Petroleo Brasileiro S.A.- Petro, ABR serves as its Arbor Realty Trust.
Other institutions hold 62.44% of KBR, in contrast to 41.43% held by mutual funds. Shares owned by individuals account for 15.57%. As the largest shareholder in KBR with 12.93% of the stake, Fidelity Management & Research Co holds 17,437,494 shares worth 17,437,494. A second-largest stockholder of KBR, The Vanguard Group, Inc., holds 12,903,960 shares, controlling over 9.56% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in KBR, holding 11,188,380 shares or 8.29% stake. With a 3.25% stake in KBR, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 4,381,378 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.15% of KBR stock, is the second-largest Mutual Fund holder. It holds 4,255,565 shares valued at 261.8 million. Vanguard Small Cap Index Fund holds 2.62% of the stake in KBR, owning 3,535,384 shares worth 217.5 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, KBR reported revenue of $1.62B and operating income of $96.00M. The EBITDA in the recently reported quarter was $143.00M and diluted EPS was $0.61.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KBR since 0 analysts follow the stock currently. 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 $77.00 and a low target of $71.00, the average target price over the next 12 months is $74.27. Based on these targets, KBR could surge 25.31% to reach the target high and rise by 15.54% to reach the target low. Reaching the average price target will result in a growth of 20.86% 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.
Summary of Insider Activity:
Insiders traded KBR stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 59 shares were bought while 21,254 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 499,249 while 365,214 shares were sold.