Mount Yale Investment Advisors LLC Takes $290,000 Position in KBR, Inc. (NYSE:KBR)

Mount Yale Investment Advisors LLC purchased a new stake in shares of KBR, Inc. (NYSE:KBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,009 shares of the construction company's stock, valued at approximately $290,000.

A number of other hedge funds have also modified their holdings of the stock. True Wealth Design LLC acquired a new position in shares of KBR during the 3rd quarter worth $26,000. UMB Bank n.a. increased its position in KBR by 49.2% during the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company's stock worth $31,000 after buying an additional 175 shares during the last quarter. Quarry LP raised its holdings in KBR by 454.7% during the second quarter. Quarry LP now owns 821 shares of the construction company's stock valued at $53,000 after buying an additional 673 shares in the last quarter. Eastern Bank acquired a new stake in shares of KBR in the third quarter worth about $65,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of KBR during the 3rd quarter worth about $111,000. 97.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KBR shares. DA Davidson restated a "buy" rating and issued a $84.00 target price on shares of KBR in a report on Tuesday, November 19th. KeyCorp decreased their price objective on shares of KBR from $78.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. TD Cowen dropped their target price 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 decreased their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday. Finally, UBS Group lifted their price objective on KBR from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

KBR Stock Performance

KBR traded up $1.21 on Thursday, hitting $55.77. 1,308,953 shares of the stock traded hands, compared to its average volume of 1,230,213. The business has a fifty day moving average price of $58.62 and a two-hundred day moving average price of $63.49. 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 firm has a market capitalization of $7.43 billion, a PE ratio of 23.43, a P/E/G ratio of 1.01 and a beta of 0.85. KBR, Inc. has a 52 week low of $51.95 and a 52 week high of $72.60.

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.