Congress Asset Management Co. Purchases 26,008 Shares of KBR, Inc. (NYSE:KBR)

Congress Asset Management Co. raised its position in shares of KBR, Inc. (NYSE:KBR) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,285 shares of the construction company’s stock after acquiring an additional 26,008 shares during the period. Congress Asset Management Co. owned approximately 0.16% of KBR worth $12,587,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KBR. Sanctuary Advisors LLC bought a new stake in shares of KBR in the second quarter valued at approximately $230,000. CWM LLC boosted its stake in shares of KBR by 524.7% in the third quarter. CWM LLC now owns 5,104 shares of the construction company’s stock valued at $332,000 after buying an additional 4,287 shares during the period. Blue Trust Inc. boosted its stake in shares of KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after buying an additional 469 shares during the period. Cetera Trust Company N.A boosted its stake in shares of KBR by 26.6% in the third quarter. Cetera Trust Company N.A now owns 3,002 shares of the construction company’s stock valued at $196,000 after buying an additional 630 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of KBR by 90.8% in the third quarter. Sequoia Financial Advisors LLC now owns 32,182 shares of the construction company’s stock valued at $2,096,000 after buying an additional 15,317 shares during the period. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KBR. DA Davidson reiterated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. 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. TD Cowen lowered their price objective on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. KeyCorp lowered their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, KBR currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Stock Down 0.9 %

Shares of NYSE:KBR opened at $51.98 on Monday. The company has a fifty day moving average of $56.94 and a 200-day moving average of $62.36. The company has a market capitalization of $6.93 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a 52-week low of $51.32 and a 52-week high of $72.60.

KBR 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.