Exchange Traded Concepts LLC Reduces Stock Position in KBR, Inc. (NYSE:KBR)

Exchange Traded Concepts LLC trimmed its stake in KBR, Inc. (NYSE:KBR - Free Report) by 76.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,193 shares of the construction company's stock after selling 39,000 shares during the quarter. Exchange Traded Concepts LLC's holdings in KBR were worth $706,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KBR. UMB Bank n.a. grew its stake in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after acquiring an additional 175 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in KBR by 1.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company's stock worth $1,283,000 after purchasing an additional 300 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in KBR by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 11,764 shares of the construction company's stock worth $766,000 after purchasing an additional 335 shares in the last quarter. True Wealth Design LLC bought a new position in KBR in the third quarter worth approximately $26,000. Finally, Blue Trust Inc. grew its stake in KBR by 32.2% in the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company's stock worth $124,000 after purchasing an additional 469 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

KBR Stock Up 0.9 %

KBR stock traded up $0.51 during midday trading on Thursday, reaching $55.07. The company's stock had a trading volume of 269,269 shares, compared to its average volume of 1,171,088. The stock's 50-day simple moving average is $58.62 and its 200-day simple moving average is $63.49. 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 52-week low of $51.95 and a 52-week high of $72.60. The stock has a market capitalization of $7.34 billion, a P/E ratio of 23.14, a PEG ratio of 1.01 and a beta of 0.85.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KBR shares. Citigroup lowered their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group boosted their price objective 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. KeyCorp reduced their price objective 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. StockNews.com downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 6th. Finally, DA Davidson reiterated a "buy" rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.