Wedge Capital Management L L P NC trimmed its position in KBR, Inc. (NYSE:KBR) by 26.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,365 shares of the construction company’s stock after selling 165,608 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.33% of KBR worth $11,656,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of KBR. Norges Bank bought a new stake in shares of KBR in the 4th quarter valued at approximately $21,027,000. Dimensional Fund Advisors LP increased its holdings in shares of KBR by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,666,237 shares of the construction company’s stock valued at $86,013,000 after acquiring an additional 422,548 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of KBR by 517.0% in the 1st quarter. Bank of Montreal Can now owns 439,322 shares of the construction company’s stock valued at $8,386,000 after acquiring an additional 368,118 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of KBR in the 1st quarter valued at approximately $5,285,000. Finally, Pzena Investment Management LLC increased its holdings in shares of KBR by 3.9% in the 1st quarter. Pzena Investment Management LLC now owns 4,913,275 shares of the construction company’s stock valued at $93,794,000 after acquiring an additional 184,696 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.
KBR stock traded down $0.28 during trading on Thursday, reaching $24.28. 24,918 shares of the company’s stock were exchanged, compared to its average volume of 1,330,067. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78. KBR, Inc. has a 1-year low of $13.90 and a 1-year high of $26.84. The company has a fifty day simple moving average of $25.32. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.65 and a beta of 1.41.
A number of research analysts recently commented on KBR shares. Zacks Investment Research downgraded KBR from a “strong-buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research note on Tuesday, July 9th. Deutsche Bank set a $24.00 price objective on KBR and gave the stock a “hold” rating in a research note on Thursday, May 2nd. KeyCorp upped their price objective on KBR from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Cowen restated a “buy” rating and set a $31.00 price objective on shares of KBR in a research note on Thursday, August 8th. Finally, ValuEngine downgraded KBR from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. KBR has a consensus rating of “Buy” and an average price target of $27.56.
KBR Company Profile
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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