Access Financial Services Inc. Purchases 6,100 Shares of KBR, Inc. (NYSE:KBR)

Access Financial Services Inc. raised its position in KBR, Inc. (NYSE:KBR - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,688 shares of the construction company's stock after acquiring an additional 6,100 shares during the quarter. Access Financial Services Inc.'s holdings in KBR were worth $1,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBR. Pier 88 Investment Partners LLC increased its holdings in shares of KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock worth $3,303,000 after acquiring an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. bought a new position in KBR during the fourth quarter worth $47,022,000. GSA Capital Partners LLP acquired a new position in shares of KBR in the third quarter valued at $771,000. Franklin Resources Inc. raised its position in shares of KBR by 14.5% in 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. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of KBR during the 3rd quarter worth about $1,928,000. Institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of a number of research reports. Citigroup upped their price target on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 6th. DA Davidson reaffirmed a "buy" rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Finally, UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, KBR presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.86.

KBR Price Performance

KBR stock traded down $0.42 during trading hours on Monday, reaching $59.38. 931,450 shares of the stock were exchanged, compared to its average volume of 1,260,105. The stock has a 50 day moving average of $59.34 and a two-hundred day moving average of $63.83. KBR, Inc. has a twelve month low of $51.60 and a twelve month high of $72.60. 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 $7.91 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Equities analysts expect that KBR, Inc. will post 3.26 EPS for the current fiscal year.

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.