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

AlphaQuest LLC raised its holdings in shares of KBR, Inc. (NYSE:KBR) by 509.0% during the third quarter, HoldingsChannel reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Pembroke Management LTD lifted its stake in KBR by 9.1% in the 2nd quarter. Pembroke Management LTD now owns 240,806 shares of the construction company’s stock worth $11,544,000 after purchasing an additional 19,995 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of KBR in the third quarter worth $33,666,000. Fort Washington Investment Advisors Inc. OH raised its position in shares of KBR by 38.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 535,236 shares of the construction company’s stock worth $25,311,000 after buying an additional 149,900 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in KBR by 8.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock valued at $196,116,000 after buying an additional 308,268 shares during the period. Finally, JPMorgan Chase & Co. grew its position in KBR by 11.6% during the second quarter. JPMorgan Chase & Co. now owns 610,834 shares of the construction company’s stock worth $29,283,000 after buying an additional 63,296 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Price Performance

KBR stock opened at $42.52 on Tuesday. The firm has a market cap of $5.40 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.06 and a beta of 0.51. The firm’s fifty day moving average is $42.64 and its 200 day moving average is $45.16. KBR, Inc. has a 52 week low of $39.52 and a 52 week high of $56.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

Analyst Ratings Changes

KBR has been the subject of a number of research analyst reports. Weiss Ratings downgraded KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Truist Financial dropped their target price on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Bank of America lowered their price objective 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. Finally, Citigroup cut their target price on shares of KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, KBR currently has an average rating of “Hold” and a consensus price target of $57.00.

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.