Blue Trust Inc. Boosts Holdings in KBR, Inc. (NYSE:KBR)

Blue Trust Inc. increased its position in shares of KBR, Inc. (NYSE:KBR) by 56.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,021 shares of the construction company’s stock after acquiring an additional 1,095 shares during the quarter. Blue Trust Inc.’s holdings in KBR were worth $175,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KBR. UMB Bank n.a. grew its stake in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of KBR by 1.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock worth $1,283,000 after buying an additional 300 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock worth $766,000 after purchasing an additional 335 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of KBR during the 3rd quarter valued at approximately $26,000. Finally, Cetera Trust Company N.A grew its position in shares of KBR by 18.8% during the 4th quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company’s stock valued at $207,000 after buying an additional 565 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Trading Down 0.7 %

NYSE:KBR opened at $53.09 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 52 week low of $51.95 and a 52 week high of $72.60. The stock’s 50 day moving average price is $58.06 and its 200 day moving average price is $63.10. The company has a market capitalization of $7.07 billion, a P/E ratio of 22.31, a P/E/G ratio of 0.92 and a beta of 0.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup decreased their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, KeyCorp cut their price objective on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, KBR presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

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.