KBR, Inc. (NYSE:KBR) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in KBR, Inc. (NYSE:KBR) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,195 shares of the construction company’s stock after selling 23,260 shares during the quarter. State of Alaska Department of Revenue’s holdings in KBR were worth $880,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its position in shares of KBR by 2.1% during the fourth quarter. Retirement Systems of Alabama now owns 324,825 shares of the construction company’s stock worth $18,817,000 after purchasing an additional 6,804 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its position in shares of KBR by 7.3% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,275 shares of the construction company’s stock worth $653,000 after acquiring an additional 764 shares during the last quarter. R Squared Ltd purchased a new position in shares of KBR during the fourth quarter worth approximately $104,000. Mount Yale Investment Advisors LLC purchased a new position in shares of KBR during the fourth quarter worth approximately $290,000. Finally, KBC Group NV grew its position in KBR by 67.8% in the 4th quarter. KBC Group NV now owns 5,443 shares of the construction company’s stock valued at $315,000 after buying an additional 2,199 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analysts Set New Price Targets

KBR has been the subject of a number of recent analyst reports. TD Cowen reduced their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Citigroup cut their price target on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp cut their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Finally, UBS Group lifted their price target on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

KBR Stock Performance

KBR stock opened at $52.40 on Friday. The stock’s 50 day moving average price is $57.09 and its 200 day moving average price is $62.52. KBR, Inc. has a one year low of $52.18 and a one year high of $72.60. The firm has a market capitalization of $6.98 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. 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 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.