Fortress Financial Solutions LLC Makes New $295,000 Investment in KBR, Inc. (NYSE:KBR)

Fortress Financial Solutions LLC purchased a new position in KBR, Inc. (NYSE:KBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,091 shares of the construction company's stock, valued at approximately $295,000.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after purchasing an additional 175 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in KBR by 1.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company's stock worth $1,283,000 after buying an additional 300 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in KBR by 2.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock valued at $766,000 after buying an additional 335 shares during the period. True Wealth Design LLC acquired a new position in shares of KBR during the 3rd quarter valued at about $26,000. Finally, Blue Trust Inc. lifted its holdings in shares of KBR by 32.2% during the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company's stock worth $124,000 after acquiring an additional 469 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Ratings Changes

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

KBR Stock Down 0.9 %

Shares of KBR traded down $0.48 during midday trading on Friday, reaching $51.98. 1,556,686 shares of the company were exchanged, compared to its average volume of 1,189,815. KBR, Inc. has a 1-year low of $51.32 and a 1-year high of $72.60. The stock has a 50-day moving average price of $56.94 and a 200-day moving average price of $62.39. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.92 and a beta of 0.83.

KBR Company 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.