SG Americas Securities LLC Grows Stake in KBR, Inc. (NYSE:KBR)

SG Americas Securities LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 4,822.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 194,800 shares of the construction company’s stock after acquiring an additional 190,843 shares during the quarter. SG Americas Securities LLC’s holdings in KBR were worth $11,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Trust Company N.A increased its position in KBR by 18.8% during the 4th quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company’s stock valued at $207,000 after purchasing an additional 565 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of KBR by 46.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 563,825 shares of the construction company’s stock valued at $32,662,000 after buying an additional 178,730 shares during the period. UMB Bank n.a. raised its stake in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. Access Financial Services Inc. raised its stake in KBR by 28.3% in the fourth quarter. Access Financial Services Inc. now owns 27,688 shares of the construction company’s stock worth $1,604,000 after buying an additional 6,100 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in KBR by 58.5% during the 4th quarter. Diversify Wealth Management LLC now owns 9,665 shares of the construction company’s stock valued at $564,000 after acquiring an additional 3,566 shares in the last quarter. Institutional investors own 97.02% of the company’s stock.

KBR Stock Performance

Shares of KBR stock opened at $57.47 on Friday. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.02 and a beta of 0.85. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a 1 year low of $51.60 and a 1 year high of $72.60. The firm’s 50-day moving average is $58.86 and its 200 day moving average is $63.73.

KBR (NYSE:KBR) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Sell-side analysts anticipate that KBR, Inc. will post 3.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KBR. UBS Group increased their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup increased their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp dropped 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 decreased their price target on shares of 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 price objective on shares of KBR in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.86.

About KBR

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.