KBR (NYSE:KBR) Reaches New 1-Year Low – What’s Next?

KBR, Inc. (NYSE:KBR) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $52.22 and last traded at $52.48, with a volume of 1112172 shares changing hands. The stock had previously closed at $53.30.

Analyst Ratings Changes

Several research analysts recently weighed in on KBR shares. DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research report on Tuesday, November 19th. UBS Group boosted 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. KeyCorp decreased their price target on 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 KBR from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, 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 research report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, KBR currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Stock Down 0.9 %

The business has a fifty day moving average of $56.94 and a 200 day moving average of $62.42. 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 firm has a market cap of $6.93 billion, a P/E ratio of 21.84, a P/E/G ratio of 0.92 and a beta of 0.83.

Institutional Investors Weigh In On KBR

Several hedge funds have recently bought and sold shares of KBR. Boston Partners increased its position in shares of KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company’s stock valued at $188,098,000 after buying an additional 3,216,323 shares in the last quarter. Norges Bank bought a new stake in shares of KBR in the fourth quarter worth about $104,033,000. Bank of New York Mellon Corp raised its position in shares of KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company’s stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the period. Wellington Management Group LLP lifted its holdings in shares of KBR by 240.2% during the 4th quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company’s stock valued at $95,776,000 after purchasing an additional 1,167,282 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at approximately $47,022,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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.