R Squared Ltd Invests $104,000 in KBR, Inc. (NYSE:KBR)

R Squared Ltd acquired a new stake in KBR, Inc. (NYSE:KBR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,800 shares of the construction company’s stock, valued at approximately $104,000.

Other institutional investors have also bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. raised its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after acquiring an additional 175 shares during the period. Quarry LP lifted its holdings in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank bought a new position in KBR during the third quarter worth about $65,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of KBR in the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on KBR shares. 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 report on Wednesday. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. TD Cowen dropped their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, KeyCorp lowered their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Stock Up 2.2 %

KBR stock opened at $55.77 on Friday. KBR, Inc. has a 1-year low of $51.95 and a 1-year high of $72.60. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85. 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 company’s 50 day moving average is $58.53 and its 200 day moving average is $63.43.

About KBR

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.