Apollon Wealth Management LLC Acquires Shares of 8,412 KBR, Inc. (NYSE:KBR)

Apollon Wealth Management LLC bought a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,412 shares of the construction company's stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lecap Asset Management Ltd. acquired a new position in KBR during the 4th quarter valued at about $1,764,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in KBR by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,488 shares of the construction company's stock valued at $2,519,000 after purchasing an additional 1,239 shares during the period. Retirement Systems of Alabama boosted its stake in KBR by 2.1% during the 4th quarter. Retirement Systems of Alabama now owns 324,825 shares of the construction company's stock valued at $18,817,000 after purchasing an additional 6,804 shares during the period. Alliance Wealth Advisors LLC UT boosted its stake in KBR by 7.3% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 11,275 shares of the construction company's stock valued at $653,000 after purchasing an additional 764 shares during the period. Finally, R Squared Ltd acquired a new position in KBR during the 4th quarter valued at about $104,000. 97.02% of the stock is owned by institutional investors and hedge funds.

KBR Price Performance

Shares of NYSE KBR traded down $0.48 during midday trading on Monday, reaching $51.98. The company's stock had a trading volume of 1,556,686 shares, compared to its average volume of 1,189,815. 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 50 day moving average price of $56.80 and a 200 day moving average price of $62.26. KBR, Inc. has a one year low of $51.32 and a one year high of $72.60. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen reduced 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. Citigroup reduced 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. KeyCorp reduced 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. DA Davidson reaffirmed a "buy" rating and issued a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Finally, UBS Group upped 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

About KBR

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.