Van ECK Associates Corp Boosts Stake in KBR, Inc. (NYSE:KBR)

Van ECK Associates Corp increased its position in KBR, Inc. (NYSE:KBR - Free Report) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 882,086 shares of the construction company's stock after buying an additional 218,853 shares during the period. Van ECK Associates Corp owned 0.66% of KBR worth $51,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pier 88 Investment Partners LLC raised its holdings in shares of KBR by 25.9% in the third quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company's stock valued at $3,303,000 after buying an additional 10,420 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of KBR during the 4th quarter worth about $47,022,000. GSA Capital Partners LLP acquired a new stake in KBR in the 3rd quarter worth about $771,000. Franklin Resources Inc. raised its position in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after buying an additional 305,889 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of KBR by 56.9% during the 4th quarter. Blue Trust Inc. now owns 3,021 shares of the construction company's stock valued at $175,000 after purchasing an additional 1,095 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Upgrades and Downgrades

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

KBR Price Performance

KBR stock traded down $0.48 during midday trading on Monday, hitting $51.98. 1,556,686 shares of the stock were exchanged, compared to its average volume of 1,189,815. The stock's 50-day moving average price is $56.80 and its 200-day moving average price is $62.26. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.92 and a beta of 0.83. KBR, Inc. has a fifty-two week low of $51.32 and a fifty-two week high of $72.60. 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 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.