Jennison Associates LLC Sells 879,788 Shares of KBR, Inc. (NYSE:KBR)

Jennison Associates LLC trimmed its position in KBR, Inc. (NYSE:KBR) by 54.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 741,952 shares of the construction company’s stock after selling 879,788 shares during the quarter. Jennison Associates LLC’s holdings in KBR were worth $42,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KBR. True Wealth Design LLC bought a new stake in KBR in the third quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of KBR by 49.2% during the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares during the last quarter. Eastern Bank bought a new stake in KBR in the 3rd quarter valued at $65,000. Daiwa Securities Group Inc. acquired a new stake in KBR during the 3rd quarter valued at $111,000. Finally, R Squared Ltd bought a new position in KBR during the fourth quarter worth $104,000. Institutional investors own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KBR. DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. KeyCorp dropped their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Citigroup decreased their price objective on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

KBR Price Performance

Shares of NYSE KBR opened at $53.09 on Wednesday. The business has a fifty day moving average price of $58.06 and a two-hundred day moving average price of $63.10. The stock has a market capitalization of $7.07 billion, a PE ratio of 22.31, a P/E/G ratio of 0.92 and a beta of 0.83. 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 fifty-two week low of $51.95 and a fifty-two week high of $72.60.

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.