AlphaQuest LLC Buys 16,807 Shares of KBR, Inc. $KBR

AlphaQuest LLC grew its stake in KBR, Inc. (NYSE:KBR) by 509.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,109 shares of the construction company’s stock after purchasing an additional 16,807 shares during the quarter. AlphaQuest LLC’s holdings in KBR were worth $951,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of KBR by 7.3% in the third quarter. Merit Financial Group LLC now owns 4,955 shares of the construction company’s stock valued at $234,000 after purchasing an additional 337 shares during the last quarter. IFP Advisors Inc lifted its position in shares of KBR by 15.2% during the second quarter. IFP Advisors Inc now owns 2,653 shares of the construction company’s stock valued at $127,000 after purchasing an additional 351 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in KBR by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 42,171 shares of the construction company’s stock worth $2,022,000 after purchasing an additional 481 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after purchasing an additional 493 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America dropped their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings downgraded KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Citigroup cut their price objective on KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Oppenheimer started coverage on KBR in a research report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 target price for the company. Finally, Wall Street Zen cut KBR from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $57.00.

KBR Stock Down 0.7%

Shares of NYSE KBR opened at $42.52 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $5.40 billion, a PE ratio of 14.61, a P/E/G ratio of 1.06 and a beta of 0.51. KBR, Inc. has a one year low of $39.52 and a one year high of $56.78. The business’s fifty day moving average price is $42.64 and its 200-day moving average price is $45.16.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.