Jennison Associates LLC Trims Stock Position in KBR, Inc. (NYSE:KBR)

Jennison Associates LLC trimmed its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 54.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 741,952 shares of the construction company's stock after selling 879,788 shares during the period. Jennison Associates LLC owned about 0.56% of KBR worth $42,981,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. R Squared Ltd bought a new position in KBR in the fourth quarter worth about $104,000. Mount Yale Investment Advisors LLC bought a new position in KBR in the fourth quarter worth about $290,000. KBC Group NV raised its stake in KBR by 67.8% in the fourth quarter. KBC Group NV now owns 5,443 shares of the construction company's stock worth $315,000 after buying an additional 2,199 shares in the last quarter. Blue Trust Inc. raised its stake in KBR by 56.9% in the fourth quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock worth $175,000 after buying an additional 1,095 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in KBR by 9.4% in the fourth quarter. Inspire Investing LLC now owns 6,917 shares of the construction company's stock worth $401,000 after buying an additional 597 shares in the last quarter. 97.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

KBR has been the subject of a number of research reports. KeyCorp decreased 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. TD Cowen cut their price objective on shares of KBR from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Citigroup cut their price objective on shares of KBR from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. DA Davidson restated a "buy" rating and issued a $84.00 price objective on shares of KBR in a report on Tuesday, November 19th. Finally, UBS Group upped their price objective on shares of 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 given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.00.

KBR Stock Performance

KBR stock traded up $0.17 on Friday, hitting $54.57. The company had a trading volume of 1,111,778 shares, compared to its average volume of 1,189,815. KBR, Inc. has a 12-month low of $52.57 and a 12-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 stock's 50-day simple moving average is $57.65 and its 200 day simple moving average is $62.84. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 0.92 and a beta of 0.83.

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.