Hennessy Advisors Inc. Takes Position in KBR, Inc. (NYSE:KBR)

Hennessy Advisors Inc. acquired a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 811,700 shares of the construction company's stock, valued at approximately $47,022,000. KBR makes up 1.4% of Hennessy Advisors Inc.'s investment portfolio, making the stock its 23rd largest position. Hennessy Advisors Inc. owned approximately 0.61% of KBR at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KBR. State Street Corp lifted its stake in KBR by 0.7% in the third quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock valued at $262,185,000 after buying an additional 29,833 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock worth $167,876,000 after acquiring an additional 305,889 shares during the period. D. E. Shaw & Co. Inc. lifted its position in KBR by 29.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,286,779 shares of the construction company's stock valued at $146,674,000 after acquiring an additional 520,207 shares in the last quarter. Wolf Hill Capital Management LP boosted its stake in KBR by 37.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,877,497 shares of the construction company's stock worth $120,423,000 after purchasing an additional 507,800 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company's stock worth $113,331,000 after purchasing an additional 196,693 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on KBR. StockNews.com cut KBR from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 6th. UBS Group upped their price target on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Citigroup lifted their price objective on shares of KBR from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. DA Davidson restated a "buy" rating and set a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. Finally, TD Cowen lowered their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, KBR has a consensus rating of "Moderate Buy" and an average target price of $78.86.

KBR Stock Down 0.7 %

KBR traded down $0.42 during trading on Friday, reaching $59.38. 931,450 shares of the stock were exchanged, compared to its average volume of 1,260,105. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The stock's 50 day moving average price is $59.60 and its two-hundred day moving average price is $63.87. KBR, Inc. has a twelve month low of $51.60 and a twelve month high of $72.60. The stock 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 released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business earned $0.75 EPS. KBR's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that KBR, Inc. will post 3.26 EPS for the current year.

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.