Wilmington Savings Fund Society FSB Makes New Investment in KBR, Inc. (NYSE:KBR)

Wilmington Savings Fund Society FSB bought a new position in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, Holdings Channel reports. The fund bought 1,168 shares of the construction company’s stock, valued at approximately $68,000.

Several other institutional investors also recently made changes to their positions in KBR. True Wealth Design LLC purchased a new stake in shares of KBR in the 3rd quarter worth about $26,000. UMB Bank n.a. boosted its position in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. Eastern Bank purchased a new stake in shares of KBR in the 3rd quarter worth about $65,000. R Squared Ltd purchased a new stake in shares of KBR in the 4th quarter worth about $104,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of KBR in the 3rd quarter worth about $111,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Price Performance

NYSE:KBR opened at $52.40 on Friday. KBR, Inc. has a 12-month low of $52.18 and a 12-month high of $72.60. The company’s 50-day moving average is $57.09 and its two-hundred day moving average is $62.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83.

Analyst Ratings Changes

Several research firms recently commented on KBR. KeyCorp decreased their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup decreased their price objective 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 reduced their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. DA Davidson restated a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Finally, UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, KBR presently has a consensus rating of “Moderate Buy” and a consensus target price 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.