Peregrine Capital Management LLC Increases Holdings in KBR, Inc. (NYSE:KBR)

Peregrine Capital Management LLC grew its position in shares of KBR, Inc. (NYSE:KBR) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,869 shares of the construction company’s stock after buying an additional 4,095 shares during the quarter. Peregrine Capital Management LLC owned 0.17% of KBR worth $13,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of KBR. UMB Bank n.a. boosted its position in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of KBR by 5.2% in the 4th 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 during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of KBR by 1.5% in 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 buying an additional 300 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings 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 worth $766,000 after buying an additional 335 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in KBR during the third quarter valued at approximately $26,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Down 0.9 %

Shares of KBR opened at $51.98 on Tuesday. The firm has a market cap of $6.93 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a 1 year low of $51.32 and a 1 year high of $72.60. The company has a 50 day simple moving average of $56.80 and a two-hundred day simple moving average of $62.26.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup decreased their price target 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. DA Davidson reaffirmed a “buy” rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. KeyCorp cut their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. TD Cowen decreased 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. Finally, UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.