Cetera Trust Company N.A Acquires 565 Shares of KBR, Inc. (NYSE:KBR)

Cetera Trust Company N.A lifted its holdings in shares of KBR, Inc. (NYSE:KBR) by 18.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,567 shares of the construction company’s stock after buying an additional 565 shares during the period. Cetera Trust Company N.A’s holdings in KBR were worth $207,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KBR. True Wealth Design LLC bought a new position in shares of KBR in the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the last quarter. Quarry LP increased its position in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after buying an additional 673 shares during the last quarter. Eastern Bank bought a new stake in KBR in the third quarter valued at approximately $65,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of KBR in the third quarter valued at approximately $111,000. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KBR shares. DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. Citigroup raised their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. KeyCorp dropped their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group upped their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.86.

KBR Price Performance

Shares of NYSE KBR opened at $60.55 on Wednesday. The business has a fifty day moving average price of $59.12 and a two-hundred day moving average price of $63.80. The stock has a market capitalization of $8.07 billion, a PE ratio of 25.57, a P/E/G ratio of 1.00 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $72.60.

KBR (NYSE:KBR) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. KBR’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Profile

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.