Lecap Asset Management Ltd. Takes $1.76 Million Position in KBR, Inc. (NYSE:KBR)

Lecap Asset Management Ltd. acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,446 shares of the construction company’s stock, valued at approximately $1,764,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of KBR by 20.5% during the second quarter. Creative Planning now owns 7,373 shares of the construction company’s stock worth $473,000 after buying an additional 1,255 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in KBR during the second quarter worth approximately $230,000. CWM LLC grew its stake in KBR by 524.7% in the 3rd quarter. CWM LLC now owns 5,104 shares of the construction company’s stock worth $332,000 after acquiring an additional 4,287 shares during the period. A. D. Beadell Investment Counsel Inc. raised its holdings in KBR by 54.4% in the 3rd quarter. A. D. Beadell Investment Counsel Inc. now owns 22,325 shares of the construction company’s stock valued at $1,454,000 after acquiring an additional 7,870 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of KBR by 15.3% during the 3rd quarter. Inspire Investing LLC now owns 6,320 shares of the construction company’s stock worth $412,000 after purchasing an additional 837 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

KBR Trading Up 1.0 %

NYSE KBR opened at $54.31 on Friday. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 22.82, a PEG 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, Inc. has a one year low of $52.57 and a one year high of $72.60. The company’s 50 day moving average price is $57.77 and its 200 day moving average price is $62.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. TD Cowen lowered 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. KeyCorp cut their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock 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 report on Wednesday, October 30th. Finally, 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 research note on Wednesday, January 29th. One investment 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 has a consensus rating of “Moderate Buy” and an average target price of $78.00.

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.