KBR (NYSE:KBR) Hits New 12-Month Low – Time to Sell?

KBR, Inc. (NYSE:KBR)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $52.22 and last traded at $52.48, with a volume of 1112172 shares. The stock had previously closed at $53.30.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. TD Cowen lowered their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. 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 report on Wednesday, October 30th. Finally, KeyCorp reduced their target price on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average price target of $78.00.

KBR Stock Down 0.9 %

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $56.94 and a two-hundred day simple moving average of $62.42. The stock has a market capitalization of $6.93 billion, a P/E ratio of 21.84, a PEG ratio of 0.92 and a beta of 0.83.

Hedge Funds Weigh In On KBR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings 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 acquiring an additional 175 shares in the last quarter. Utah Retirement Systems raised its position in KBR by 2.9% in the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company’s stock valued at $417,000 after purchasing an additional 200 shares during the last quarter. CIBC Asset Management Inc boosted its stake in KBR by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,122 shares of the construction company’s stock worth $239,000 after purchasing an additional 203 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of KBR by 1.5% during 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 purchasing an additional 300 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company’s stock valued at $766,000 after buying an additional 335 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.