Retirement Systems of Alabama Grows Holdings in KBR, Inc. (NYSE:KBR)

Retirement Systems of Alabama increased its stake in KBR, Inc. (NYSE:KBR) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,825 shares of the construction company’s stock after buying an additional 6,804 shares during the period. Retirement Systems of Alabama’s holdings in KBR were worth $18,817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new stake in shares of KBR in the 3rd quarter worth about $26,000. UMB Bank n.a. grew 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 purchasing an additional 175 shares in the last quarter. Eastern Bank bought a new stake in KBR in the third quarter valued at about $65,000. Daiwa Securities Group Inc. bought a new stake in KBR in the third quarter valued at about $111,000. Finally, R Squared Ltd acquired a new stake in KBR during the fourth quarter valued at approximately $104,000. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. 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 research note on Wednesday, October 30th. KeyCorp reduced their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup lowered their price objective on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, TD Cowen cut their target price on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Trading Up 1.0 %

Shares of NYSE:KBR opened at $54.31 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company’s 50-day moving average price is $57.77 and its 200 day moving average price is $62.97. The company has a market cap of $7.24 billion, a PE ratio of 22.82, a P/E/G ratio of 0.92 and a beta of 0.83. KBR, Inc. has a fifty-two week low of $52.57 and a fifty-two week high of $72.60.

KBR Company 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.