Pacer Advisors Inc. Has $1.12 Million Stock Position in KBR, Inc. (NYSE:KBR)

Pacer Advisors Inc. cut its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,364 shares of the construction company's stock after selling 5,421 shares during the quarter. Pacer Advisors Inc.'s holdings in KBR were worth $1,122,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KBR. State Street Corp boosted 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. lifted its holdings in shares of KBR by 14.5% in 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 last quarter. Jennison Associates LLC boosted its stake in shares of KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock valued at $105,624,000 after purchasing an additional 353,209 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of KBR by 5.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company's stock valued at $81,840,000 after purchasing an additional 62,880 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in KBR during the 4th quarter worth approximately $47,022,000. Institutional investors own 97.02% of the company's stock.

Wall Street Analysts Forecast Growth

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

KBR Trading Up 1.0 %

NYSE:KBR traded up $0.55 on Thursday, reaching $54.31. 1,082,236 shares of the stock traded hands, compared to its average volume of 1,229,064. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 1-year low of $52.57 and a 1-year high of $72.60. The company's 50 day moving average is $57.77 and its 200-day moving average is $62.97. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83.

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.