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

CX Institutional cut its stake in KBR, Inc. (NYSE:KBR) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KBR. State Street Corp boosted its holdings in shares of KBR by 0.7% in the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock valued at $262,185,000 after purchasing an additional 29,833 shares during the last quarter. Franklin Resources Inc. lifted its position in KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after purchasing an additional 353,209 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in KBR by 5.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock valued at $81,840,000 after purchasing an additional 62,880 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of KBR during the fourth quarter worth about $47,022,000. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. Citigroup upped their target price on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp cut their target price on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company 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 $56.34 on Friday. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. 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 business’s fifty day moving average price is $58.81 and its two-hundred day moving average price is $63.69. The firm has a market capitalization of $7.51 billion, a PE ratio of 23.67, a P/E/G ratio of 1.01 and a beta of 0.85.

KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts expect that KBR, Inc. will post 3.26 EPS for the current 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.