SG Americas Securities LLC Raises Stake in KBR, Inc. (NYSE:KBR)

SG Americas Securities LLC grew its stake in shares of KBR, Inc. (NYSE:KBR) by 4,822.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,800 shares of the construction company’s stock after buying an additional 190,843 shares during the period. SG Americas Securities LLC owned 0.15% of KBR worth $11,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in KBR by 0.7% in the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock worth $262,185,000 after purchasing an additional 29,833 shares in the last quarter. Franklin Resources Inc. raised its position in shares of KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after buying an additional 305,889 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in KBR by 29.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company’s stock valued at $146,674,000 after buying an additional 520,207 shares during the period. Jennison Associates LLC grew its position in KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock worth $105,624,000 after buying an additional 353,209 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in KBR by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock worth $81,840,000 after acquiring an additional 62,880 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KBR has been the subject of several recent analyst reports. KeyCorp cut their price objective 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 lowered shares of KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. UBS Group lifted their price objective on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup lifted their price target on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

KBR Trading Down 3.4 %

Shares of KBR stock opened at $57.47 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 business has a 50-day moving average of $58.86 and a 200 day moving average of $63.73. The stock has a market capitalization of $7.66 billion, a PE ratio of 24.15, a P/E/G ratio of 1.02 and a beta of 0.85. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR 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.