Access Financial Services Inc. Increases Position in KBR, Inc. (NYSE:KBR)

Access Financial Services Inc. raised its position in KBR, Inc. (NYSE:KBR) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,688 shares of the construction company’s stock after purchasing an additional 6,100 shares during the quarter. Access Financial Services Inc.’s holdings in KBR were worth $1,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in KBR in the third quarter valued at approximately $26,000. Quarry LP raised its position in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the period. Eastern Bank purchased a new stake in KBR in the third quarter valued at approximately $65,000. Daiwa Securities Group Inc. acquired a new stake in shares of KBR in the third quarter valued at $111,000. Finally, Blue Trust Inc. boosted its holdings in KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after purchasing an additional 469 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

KBR has been the topic of a number of analyst reports. UBS Group increased their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Citigroup raised their price objective on shares of KBR from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson reiterated a “buy” rating and set a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Finally, TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.86.

KBR Trading Down 0.7 %

NYSE:KBR opened at $59.38 on Monday. The stock has a 50-day simple moving average of $59.60 and a 200-day simple moving average of $63.86. The stock has a market cap of $7.91 billion, a P/E ratio of 24.95, a P/E/G ratio of 0.99 and a beta of 0.85. KBR, Inc. has a 1 year low of $51.60 and a 1 year high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07.

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