Mount Yale Investment Advisors LLC Acquires Shares of 5,009 KBR, Inc. (NYSE:KBR)

Mount Yale Investment Advisors LLC bought a new position in KBR, Inc. (NYSE:KBR) during the 4th quarter, Holdings Channel reports. The fund bought 5,009 shares of the construction company’s stock, valued at approximately $290,000.

A number of other hedge funds also recently made changes to their positions in KBR. Hennessy Advisors Inc. bought a new stake in shares of KBR in the 4th quarter worth about $47,022,000. Jennison Associates LLC raised its position in KBR by 27.8% in the 3rd 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 during the period. Franklin Resources Inc. lifted its stake in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after purchasing an additional 305,889 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in shares of KBR by 60.2% during the third quarter. TimesSquare Capital Management LLC now owns 549,366 shares of the construction company’s stock valued at $35,780,000 after buying an additional 206,426 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of KBR by 4,822.9% during the fourth quarter. SG Americas Securities LLC now owns 194,800 shares of the construction company’s stock valued at $11,285,000 after buying an additional 190,843 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Down 0.1 %

NYSE:KBR opened at $54.57 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day simple moving average of $58.62 and a 200-day simple moving average of $63.49. KBR, Inc. has a one year low of $51.95 and a one year high of $72.60. The firm has a market cap 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.

Analyst Ratings Changes

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