Retirement Systems of Alabama Has $18.82 Million Holdings in KBR, Inc. (NYSE:KBR)

Retirement Systems of Alabama boosted its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,825 shares of the construction company's stock after purchasing an additional 6,804 shares during the quarter. Retirement Systems of Alabama owned 0.24% of KBR worth $18,817,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in KBR during the 3rd quarter valued at $26,000. UMB Bank n.a. increased its holdings in KBR by 49.2% in the 4th quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock valued at $31,000 after buying an additional 175 shares during the period. Eastern Bank bought a new stake in KBR in the 3rd quarter valued at $65,000. Daiwa Securities Group Inc. bought a new stake in KBR in the 3rd quarter valued at $111,000. Finally, R Squared Ltd bought a new stake in KBR in the 4th quarter valued at $104,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Price Performance

NYSE:KBR traded up $1.06 during mid-day trading on Monday, reaching $55.62. 689,484 shares of the company were exchanged, compared to its average volume of 1,202,200. KBR, Inc. has a 12 month low of $52.57 and a 12 month high of $72.60. The company has a fifty day moving average of $57.65 and a 200 day moving average of $62.81. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock has a market cap of $7.41 billion, a PE ratio of 23.37, a PEG ratio of 0.92 and a beta of 0.83.

Analyst Ratings Changes

Several brokerages have issued reports on KBR. 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 report on Wednesday, January 8th. KeyCorp lowered their price target on shares of KBR from $78.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. UBS Group upped their target price on shares of KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Citigroup lowered their target price 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. Finally, DA Davidson reaffirmed a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. One 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 currently has an average rating of "Moderate Buy" and an average target price of $78.00.

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.