5,091 Shares in KBR, Inc. (NYSE:KBR) Bought by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC acquired a new stake in shares of KBR, Inc. (NYSE:KBR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,091 shares of the construction company’s stock, valued at approximately $295,000.

Several other institutional investors have also modified their holdings of the stock. True Wealth Design LLC purchased a new position in KBR in the 3rd quarter valued at about $26,000. UMB Bank n.a. increased its stake in KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. Eastern Bank acquired a new position in shares of KBR during the third quarter valued at approximately $65,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KBR in the fourth quarter valued at approximately $68,000. Finally, R Squared Ltd acquired a new stake in shares of KBR in the fourth quarter worth approximately $104,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. KeyCorp reduced their price objective on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. 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 note on Wednesday, January 29th. UBS Group boosted 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, TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

KBR Trading Down 1.2 %

Shares of KBR opened at $54.69 on Wednesday. The firm has a 50-day moving average price of $57.41 and a 200 day moving average price of $62.65. KBR, Inc. has a 12-month low of $52.57 and a 12-month high of $72.60. 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 firm has a market capitalization of $7.29 billion, a P/E ratio of 22.98, a P/E/G ratio of 0.92 and a beta of 0.83.

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.