KBR, Inc. (NYSE:KBR) Shares Sold by CX Institutional

CX Institutional trimmed its holdings in shares of KBR, Inc. (NYSE:KBR) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,955 shares of the construction company’s stock after selling 2,295 shares during the period. CX Institutional’s holdings in KBR were worth $808,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBR. Pier 88 Investment Partners LLC increased its stake in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock valued at $3,303,000 after buying an additional 10,420 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of KBR during the fourth quarter valued at approximately $47,022,000. GSA Capital Partners LLP acquired a new position in shares of KBR during the third quarter valued at approximately $771,000. Franklin Resources Inc. increased its position in shares of KBR by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new position in shares of KBR during the 3rd quarter valued at $1,928,000. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on KBR. StockNews.com lowered KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. UBS Group lifted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. KeyCorp decreased their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup lifted their target price on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.86.

KBR Stock Down 2.1 %

NYSE:KBR opened at $56.34 on Friday. The business’s fifty day moving average price is $58.81 and its 200 day moving average price is $63.69. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.01 and a beta of 0.85. 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, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, sell-side analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

KBR Company 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.