KBR, Inc. $KBR Stake Increased by US Bancorp DE

US Bancorp DE grew its holdings in KBR, Inc. (NYSE:KBR) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,260 shares of the construction company’s stock after purchasing an additional 268 shares during the period. US Bancorp DE’s holdings in KBR were worth $113,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Balyasny Asset Management L.P. increased its stake in shares of KBR by 444.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 1,018,539 shares during the last quarter. Hudson Way Capital Management LLC increased its stake in shares of KBR by 128.3% in the fourth quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company’s stock worth $61,041,000 after acquiring an additional 592,063 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of KBR in the fourth quarter worth $26,128,000. Eisler Capital Management Ltd. acquired a new position in shares of KBR in the fourth quarter worth $20,162,000. Finally, Northern Trust Corp increased its stake in shares of KBR by 23.2% in the fourth quarter. Northern Trust Corp now owns 1,208,302 shares of the construction company’s stock worth $69,997,000 after acquiring an additional 227,251 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KBR. Bank of America downgraded shares of KBR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $55.00 in a research note on Wednesday, August 13th. KeyCorp downgraded shares of KBR from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 23rd. UBS Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $66.00 to $54.00 in a research report on Wednesday, July 2nd. The Goldman Sachs Group downgraded shares of KBR from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Tuesday, May 27th. Finally, Stifel Nicolaus increased their target price on shares of KBR from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.78.

Insider Activity

In other news, CEO Stuart Bradie sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the sale, the chief executive officer directly owned 802,361 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Corporate insiders own 1.11% of the company’s stock.

KBR Trading Down 0.4%

Shares of NYSE:KBR opened at $49.65 on Monday. The company 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. The stock’s 50-day moving average is $48.74 and its 200-day moving average is $50.65. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60. 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 (NYSE:KBR) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Equities research analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

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.