KBR, Inc. (NYSE:KBR) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its position in shares of KBR, Inc. (NYSE:KBR) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 574,564 shares of the construction company’s stock after purchasing an additional 25,198 shares during the quarter. TimesSquare Capital Management LLC’s holdings in KBR were worth $33,284,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KBR. Hennessy Advisors Inc. acquired a new stake in shares of KBR during the 4th quarter worth about $47,022,000. Jennison Associates LLC raised its stake in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares during the period. Franklin Resources Inc. raised its stake in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares during the period. Van ECK Associates Corp raised its stake in shares of KBR by 33.0% during the fourth quarter. Van ECK Associates Corp now owns 882,086 shares of the construction company’s stock valued at $51,099,000 after purchasing an additional 218,853 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of KBR by 4,822.9% during the fourth quarter. SG Americas Securities LLC now owns 194,800 shares of the construction company’s stock valued at $11,285,000 after purchasing an additional 190,843 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Stock Up 0.3 %

KBR stock opened at $52.14 on Wednesday. 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 1-year low of $51.32 and a 1-year high of $72.60. The firm has a fifty day moving average price of $56.66 and a two-hundred day moving average price of $62.17. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 0.88 and a beta of 0.83.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. KeyCorp dropped their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group lifted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. DA Davidson restated a “buy” rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Finally, TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.00.

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.