Bfsg LLC Sells 2,275 Shares of KBR, Inc. (NYSE:KBR)

Bfsg LLC reduced its position in KBR, Inc. (NYSE:KBR) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,693 shares of the construction company’s stock after selling 2,275 shares during the quarter. KBR accounts for about 0.9% of Bfsg LLC’s holdings, making the stock its 29th largest holding. Bfsg LLC owned approximately 0.09% of KBR worth $7,281,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBR. True Wealth Design LLC bought a new position in KBR during the third quarter valued at approximately $26,000. UMB Bank n.a. boosted its stake in shares of KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. Eastern Bank bought a new position in shares of KBR during the 3rd quarter valued at $65,000. Wilmington Savings Fund Society FSB purchased a new position in KBR in the 4th quarter worth $68,000. Finally, Venturi Wealth Management LLC lifted its stake in KBR by 507.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,603 shares of the construction company’s stock worth $93,000 after purchasing an additional 1,339 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

KBR Trading Down 0.9 %

KBR opened at $51.98 on Tuesday. KBR, Inc. has a one year low of $51.32 and a one year high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $56.80 and a two-hundred day simple moving average of $62.26. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.92 and a beta of 0.83.

Wall Street Analysts Forecast Growth

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