American Century Companies Inc. lessened its holdings in KBR, Inc. (NYSE:KBR) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407,512 shares of the construction company’s stock after selling 10,397 shares during the period. American Century Companies Inc.’s holdings in KBR were worth $8,081,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of KBR. GSA Capital Partners LLP acquired a new stake in shares of KBR during the second quarter worth approximately $162,000. Voya Investment Management LLC increased its holdings in shares of KBR by 48.4% during the second quarter. Voya Investment Management LLC now owns 64,574 shares of the construction company’s stock worth $983,000 after buying an additional 21,070 shares in the last quarter. State Street Corp increased its holdings in shares of KBR by 26.4% during the second quarter. State Street Corp now owns 4,850,668 shares of the construction company’s stock worth $73,828,000 after buying an additional 1,013,321 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of KBR by 53.4% during the second quarter. The Manufacturers Life Insurance Company now owns 316,861 shares of the construction company’s stock worth $4,823,000 after buying an additional 110,305 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of KBR during the third quarter worth approximately $496,000.
Shares of KBR, Inc. (KBR) opened at $17.96 on Tuesday. KBR, Inc. has a 52 week low of $13.36 and a 52 week high of $21.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $2,520.00, a P/E ratio of 35.22, a PEG ratio of 1.50 and a beta of 1.02.
Several analysts have recently weighed in on KBR shares. Citigroup raised their price objective on shares of KBR from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of KBR from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, January 17th. Credit Suisse Group raised their price objective on shares of KBR from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. ValuEngine raised shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Finally, TheStreet raised shares of KBR from a “c” rating to a “b-” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.43.
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KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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