KBR, Inc. $KBR Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of KBR, Inc. (NYSE:KBR) by 22.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,453 shares of the construction company’s stock after purchasing an additional 1,531 shares during the period. Cetera Investment Advisers’ holdings in KBR were worth $421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in KBR during the 4th quarter worth $31,000. GAMMA Investing LLC lifted its position in KBR by 295.5% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the construction company’s stock worth $40,000 after acquiring an additional 594 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in KBR during the 1st quarter worth $47,000. UMB Bank n.a. lifted its position in KBR by 146.9% during the 1st quarter. UMB Bank n.a. now owns 1,311 shares of the construction company’s stock worth $65,000 after acquiring an additional 780 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in KBR by 1,402.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company’s stock worth $68,000 after acquiring an additional 1,276 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

KBR Trading Down 0.4%

NYSE:KBR opened at $49.65 on Monday. The firm’s fifty day moving average is $48.74 and its 200-day moving average is $50.65. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.13. KBR, Inc. has a 52 week low of $43.89 and a 52 week high of $72.60. The firm has a market cap of $6.40 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.99 and a beta of 0.76.

KBR (NYSE:KBR) last released its earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. KBR had a net margin of 4.52% and a return on equity of 33.65%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company earned $0.83 EPS. KBR’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that KBR, Inc. will post 3.26 earnings per share for the current year.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the transaction, the chief executive officer owned 802,361 shares in the company, valued at $42,372,684.41. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KBR shares. The Goldman Sachs Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Stifel Nicolaus boosted their price objective on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a report on Monday, June 23rd. DA Davidson dropped their price objective on shares of KBR from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of KBR from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.78.

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.