Exchange Traded Concepts LLC Sells 39,000 Shares of KBR, Inc. (NYSE:KBR)

Exchange Traded Concepts LLC lessened its position in shares of KBR, Inc. (NYSE:KBR) by 76.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,193 shares of the construction company’s stock after selling 39,000 shares during the period. Exchange Traded Concepts LLC’s holdings in KBR were worth $706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in KBR during the third quarter valued at about $26,000. UMB Bank n.a. lifted its stake in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after buying an additional 175 shares in the last quarter. Quarry LP grew its stake in KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after buying an additional 673 shares in the last quarter. Eastern Bank purchased a new position in KBR in the 3rd quarter valued at approximately $65,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of KBR during the third quarter worth $111,000. Institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

NYSE KBR opened at $54.57 on Thursday. KBR, Inc. has a 52-week low of $51.95 and a 52-week high of $72.60. The company has a fifty day moving average of $58.62 and a 200-day moving average of $63.49. The company has a market capitalization of $7.27 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.01 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KBR. KeyCorp decreased their price objective on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group increased their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com cut shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One 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 has an average rating of “Moderate Buy” and an average price target of $78.00.

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.