Jennison Associates LLC Sells 879,788 Shares of KBR, Inc. (NYSE:KBR)

Jennison Associates LLC reduced its stake in KBR, Inc. (NYSE:KBR) by 54.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 741,952 shares of the construction company’s stock after selling 879,788 shares during the period. Jennison Associates LLC owned 0.56% of KBR worth $42,981,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new position in shares of KBR during the 3rd quarter worth about $26,000. UMB Bank n.a. grew its holdings in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Eastern Bank bought a new stake in KBR in the third quarter valued at approximately $65,000. Daiwa Securities Group Inc. acquired a new stake in KBR in the third quarter worth $111,000. Finally, R Squared Ltd bought a new position in shares of KBR during the fourth quarter worth $104,000. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup dropped their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. KeyCorp dropped their price objective 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. UBS Group upped their target price 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. Finally, TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average price target of $78.00.

KBR Trading Down 0.7 %

KBR stock opened at $53.09 on Wednesday. KBR, Inc. has a one year low of $51.95 and a one year high of $72.60. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 22.31, a P/E/G 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. The firm has a 50-day moving average of $58.06 and a 200-day moving average of $63.10.

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.