State of Alaska Department of Revenue Cuts Stock Holdings in KBR, Inc. (NYSE:KBR)

State of Alaska Department of Revenue trimmed its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,195 shares of the construction company's stock after selling 23,260 shares during the quarter. State of Alaska Department of Revenue's holdings in KBR were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Retirement Systems of Alabama raised its position in shares of KBR by 2.1% during the fourth quarter. Retirement Systems of Alabama now owns 324,825 shares of the construction company's stock worth $18,817,000 after acquiring an additional 6,804 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in KBR by 7.3% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,275 shares of the construction company's stock worth $653,000 after purchasing an additional 764 shares in the last quarter. R Squared Ltd bought a new stake in KBR in the fourth quarter worth approximately $104,000. Mount Yale Investment Advisors LLC bought a new stake in KBR in the fourth quarter worth approximately $290,000. Finally, KBC Group NV increased its holdings 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 purchasing an additional 2,199 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. DA Davidson reiterated a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. TD Cowen lowered their target price on KBR from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Citigroup lowered their target price on KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. UBS Group boosted their price objective on KBR from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, KeyCorp decreased their price objective on KBR from $78.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.00.

KBR Stock Down 0.9 %

Shares of NYSE KBR traded down $0.48 during midday trading on Monday, hitting $51.98. 1,556,686 shares of the stock traded hands, compared to its average volume of 1,189,815. The company has a market cap of $6.93 billion, a PE ratio of 21.84, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. KBR, Inc. has a one year low of $51.32 and a one year high of $72.60. The business has a 50 day moving average price of $56.80 and a two-hundred day moving average price of $62.26.

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.