KBR, Inc. (NYSE:KBR) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in shares of KBR, Inc. (NYSE:KBR) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,314 shares of the construction company’s stock after buying an additional 1,539 shares during the quarter. Wedge Capital Management L L P NC’s holdings in KBR were worth $3,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of KBR during the 3rd quarter worth about $26,000. Quarry LP increased its stake 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 acquiring an additional 673 shares during the last quarter. Eastern Bank purchased a new position in shares of KBR in the 3rd quarter worth about $65,000. Daiwa Securities Group Inc. acquired a new position in shares of KBR in the 3rd quarter valued at about $111,000. Finally, Blue Trust Inc. grew its stake in KBR by 32.2% during the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after buying an additional 469 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of recent research reports. UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. KeyCorp lowered 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. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and set a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.86.

KBR Trading Down 0.7 %

KBR stock opened at $59.38 on Monday. The firm has a 50 day simple moving average of $59.60 and a 200-day simple moving average of $63.86. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $7.91 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85. KBR, Inc. has a 12-month low of $51.60 and a 12-month high of $72.60.

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