KBR (NYSE:KBR – Free Report) had its price objective trimmed by UBS Group from $65.00 to $63.00 in a report released on Friday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.
KBR has been the topic of a number of other research reports. The Goldman Sachs Group lowered their target price on shares of KBR from $75.00 to $66.00 and set a buy rating on the stock in a report on Friday, November 3rd. Citigroup increased their target price on shares of KBR from $62.00 to $67.00 and gave the company a buy rating in a report on Friday, January 26th. KeyCorp initiated coverage on shares of KBR in a report on Wednesday, January 10th. They set an overweight rating and a $63.00 target price on the stock. Finally, StockNews.com lowered shares of KBR from a buy rating to a hold rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, KBR presently has an average rating of Moderate Buy and an average price target of $67.71.
KBR Stock Down 0.2 %
Insider Buying and Selling
In other news, CFO Mark W. Sopp acquired 5,000 shares of KBR stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $51.53 per share, for a total transaction of $257,650.00. Following the transaction, the chief financial officer now owns 147,178 shares of the company’s stock, valued at $7,584,082.34. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.03% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. VisionPoint Advisory Group LLC bought a new stake in shares of KBR in the second quarter valued at about $27,000. National Bank of Canada FI increased its holdings in KBR by 930.0% in the second quarter. National Bank of Canada FI now owns 515 shares of the construction company’s stock valued at $34,000 after purchasing an additional 465 shares during the period. Fred Alger Management LLC bought a new position in shares of KBR during the 3rd quarter worth about $36,000. Spire Wealth Management boosted its stake in KBR by 110.6% during the 2nd quarter. Spire Wealth Management now owns 697 shares of the construction company’s stock valued at $45,000 after purchasing an additional 366 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of KBR by 113.6% in the 3rd quarter. CWM LLC now owns 814 shares of the construction company’s stock worth $48,000 after buying an additional 433 shares during the last quarter.
KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company 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.
- Five stocks we like better than KBR
- Investing in large cap stocks: Diving into big caps
- MarketBeat Week in Review – 1/29 – 2/2
- The 3 Best Fintech Stocks to Buy Now
- How to start investing in penny stocks
- Stock Sentiment Analysis: How it Works
- Exploring communication services stocks: A comprehensive guide
Receive News & Ratings for KBR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KBR and related companies with MarketBeat.com's FREE daily email newsletter.