Access Financial Services Inc. Grows Stock Position in KBR, Inc. (NYSE:KBR)

Access Financial Services Inc. raised its stake in shares of KBR, Inc. (NYSE:KBR) by 28.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,688 shares of the construction company’s stock after buying an additional 6,100 shares during the period. Access Financial Services Inc.’s holdings in KBR were worth $1,604,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KBR. True Wealth Design LLC purchased a new position in shares of KBR in the 3rd quarter valued at about $26,000. Quarry LP increased its stake in shares of KBR by 454.7% in the 2nd quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares in the last quarter. Eastern Bank purchased a new position in shares of KBR in the 3rd quarter valued at about $65,000. Daiwa Securities Group Inc. purchased a new position in shares of KBR in the 3rd quarter valued at about $111,000. Finally, Blue Trust Inc. increased its stake in shares of KBR by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after purchasing an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KBR shares. Citigroup lifted their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 6th. UBS Group lifted their price objective on KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. KeyCorp lowered their price objective on KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.86.

KBR Trading Down 0.7 %

Shares of KBR stock opened at $59.38 on Monday. The stock has a market cap of $7.91 billion, a P/E ratio of 24.95, a P/E/G ratio of 0.99 and a beta of 0.85. The stock’s 50 day simple moving average is $59.60 and its 200-day simple moving average is $63.86. KBR, Inc. has a 1-year low of $51.60 and a 1-year high of $72.60. 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 (NYSE:KBR) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

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.