KBR, Inc. (NYSE:KBR) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in shares of KBR, Inc. (NYSE:KBR) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 324,825 shares of the construction company’s stock after buying an additional 6,804 shares during the period. Retirement Systems of Alabama owned 0.24% of KBR worth $18,817,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KBR. Hennessy Advisors Inc. acquired a new stake in KBR in the 4th quarter worth about $47,022,000. Jennison Associates LLC lifted its holdings in shares of KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after acquiring an additional 353,209 shares during the period. Franklin Resources Inc. grew its holdings in KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares during the period. TimesSquare Capital Management LLC increased its position in KBR by 60.2% during the third quarter. TimesSquare Capital Management LLC now owns 549,366 shares of the construction company’s stock worth $35,780,000 after purchasing an additional 206,426 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in KBR by 4,822.9% during the fourth quarter. SG Americas Securities LLC now owns 194,800 shares of the construction company’s stock worth $11,285,000 after purchasing an additional 190,843 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Stock Performance

KBR stock opened at $54.31 on Friday. 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’s fifty day moving average price is $57.77 and its 200 day moving average price is $62.97. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. KBR, Inc. has a 12-month low of $52.57 and a 12-month high of $72.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen lowered their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup cut their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. Finally, KeyCorp dropped their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.