KBR (NYSE:KBR) Sets New 1-Year Low – Here’s Why

KBR, Inc. (NYSE:KBR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $52.22 and last traded at $52.48, with a volume of 1112172 shares traded. The stock had previously closed at $53.30.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KBR shares. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. UBS Group raised 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. KeyCorp dropped their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup decreased their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Stock Performance

The stock’s 50-day moving average is $57.25 and its 200-day moving average is $62.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 0.92 and a beta of 0.83.

Hedge Funds Weigh In On KBR

A number of hedge funds have recently made changes to their positions in the business. Boston Partners increased its holdings in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 3,216,323 shares in the last quarter. Norges Bank acquired a new position in shares of KBR during the fourth quarter worth $104,033,000. Bank of New York Mellon Corp boosted its position in KBR by 87.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock valued at $162,503,000 after buying an additional 1,307,033 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock valued at $95,776,000 after acquiring an additional 1,167,282 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of KBR during the fourth quarter worth about $47,022,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

KBR Company 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.