KBR (NYSE:KBR) Hits New 1-Year Low – Should You Sell?

KBR, Inc. (NYSE:KBR)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $39.43 and last traded at $39.7560, with a volume of 512740 shares. The stock had previously closed at $40.90.

Analyst Upgrades and Downgrades

KBR has been the topic of several recent research reports. Bank of America lowered their price objective on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Truist Financial decreased their price target on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Wells Fargo & Company started coverage on KBR in a report on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 price target on the stock. Oppenheimer initiated coverage on KBR in a research report on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 price objective for the company. Finally, Weiss Ratings upgraded KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, KBR has an average rating of “Hold” and a consensus target price of $57.00.

KBR Stock Up 2.9%

The firm has a market cap of $5.25 billion, a PE ratio of 14.20, a P/E/G ratio of 0.99 and a beta of 0.51. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day moving average price of $42.62 and a two-hundred day moving average price of $44.90.

Institutional Investors Weigh In On KBR

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in KBR by 89.8% in the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after purchasing an additional 289 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after buying an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after buying an additional 493 shares during the last quarter. Bessemer Group Inc. raised its position in KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in KBR in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.