5,091 Shares in KBR, Inc. (NYSE:KBR) Acquired by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,091 shares of the construction company’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hennessy Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at $47,022,000. Jennison Associates LLC grew its stake in KBR by 27.8% during the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of KBR by 14.5% in the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of KBR by 60.2% in the third quarter. TimesSquare Capital Management LLC now owns 549,366 shares of the construction company’s stock worth $35,780,000 after purchasing an additional 206,426 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of KBR by 4,822.9% during the fourth quarter. SG Americas Securities LLC now owns 194,800 shares of the construction company’s stock worth $11,285,000 after purchasing an additional 190,843 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

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

KBR Trading Down 1.2 %

KBR stock opened at $54.69 on Wednesday. KBR, Inc. has a 52-week low of $52.57 and a 52-week high of $72.60. 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 market cap of $7.29 billion, a P/E ratio of 22.98, a PEG ratio of 0.92 and a beta of 0.83. The company’s 50-day simple moving average is $57.41 and its 200-day simple moving average is $62.65.

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.