Wilmington Savings Fund Society FSB Invests $68,000 in KBR, Inc. (NYSE:KBR)

Wilmington Savings Fund Society FSB acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,168 shares of the construction company’s stock, valued at approximately $68,000.

Other institutional investors have also modified their holdings of the company. Pier 88 Investment Partners LLC lifted its position in shares of KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after buying an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at $47,022,000. GSA Capital Partners LLP acquired a new position in shares of KBR in the 3rd quarter valued at $771,000. Franklin Resources Inc. increased its holdings in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after acquiring an additional 305,889 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of KBR by 56.9% in the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company’s stock valued at $175,000 after acquiring an additional 1,095 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KBR shares. Citigroup cut their target price 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. UBS Group lifted 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. KeyCorp cut their target price 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. TD Cowen dropped their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, DA Davidson reissued a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. 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, KBR presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Price Performance

Shares of NYSE KBR opened at $52.40 on Friday. The firm has a market capitalization of $6.98 billion, a P/E ratio of 22.02, a PEG ratio of 0.92 and a beta of 0.83. KBR, Inc. has a one year low of $52.18 and a one year high of $72.60. The company’s fifty day moving average is $57.09 and its two-hundred day moving average is $62.52. 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 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.