KBR (NYSE:KBR) Reaches New 52-Week Low – Here’s What Happened

KBR, Inc. (NYSE:KBR)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $51.31 and last traded at $51.48, with a volume of 1007495 shares changing hands. The stock had previously closed at $52.16.

Analysts Set New Price Targets

Several equities research analysts recently commented on KBR shares. KeyCorp cut their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. UBS Group increased their price target on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup cut their price target on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Stock Down 1.2 %

The company has a market capitalization of $6.86 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 0.88 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average of $56.66 and a two-hundred day moving average of $62.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of KBR by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company’s stock worth $740,951,000 after buying an additional 68,588 shares during the period. State Street Corp boosted its position in shares of KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock worth $262,185,000 after buying an additional 29,833 shares during the period. Boston Partners boosted its position in shares of KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock worth $188,098,000 after buying an additional 3,216,323 shares during the period. Franklin Resources Inc. boosted its position in shares of KBR by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company’s stock worth $166,167,000 after buying an additional 451,887 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after buying an additional 1,307,033 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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.