Inspire Investing LLC Boosts Position in KBR, Inc. (NYSE:KBR)

Inspire Investing LLC lifted its position in shares of KBR, Inc. (NYSE:KBR) by 9.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,917 shares of the construction company’s stock after acquiring an additional 597 shares during the period. Inspire Investing LLC’s holdings in KBR were worth $401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. True Wealth Design LLC purchased a new position in KBR during the 3rd quarter valued at about $26,000. UMB Bank n.a. grew its position in shares of KBR by 49.2% in 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 last quarter. Quarry LP raised its position in shares of KBR by 454.7% during the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. Eastern Bank purchased a new stake in KBR in the 3rd quarter valued at approximately $65,000. Finally, Daiwa Securities Group Inc. acquired a new stake in KBR during the 3rd quarter valued at $111,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KBR. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. KeyCorp lowered 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. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. TD Cowen cut their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group boosted their price objective 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.86.

KBR Stock Down 2.1 %

Shares of NYSE:KBR opened at $56.34 on Monday. The company has a 50 day moving average of $58.81 and a two-hundred day moving average of $63.69. KBR, Inc. has a 52-week low of $51.60 and a 52-week high of $72.60. 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 company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85.

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.