KBR (NYSE:KBR) Sets New 52-Week Low – Here’s What Happened

KBR, Inc. (NYSE:KBR) hit a new 52-week low on Thursday . The stock traded as low as $39.43 and last traded at $39.7560, with a volume of 512740 shares trading hands. The stock had previously closed at $40.90.

Analyst Ratings Changes

Several brokerages have commented on KBR. Wall Street Zen downgraded KBR from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Weiss Ratings raised shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Citigroup cut their price objective on shares of KBR from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Bank of America decreased their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Finally, Wells Fargo & Company assumed coverage on shares of KBR in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $45.00 target price on the stock. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.00.

KBR Stock Performance

The company’s 50-day moving average price is $42.77 and its 200 day moving average price is $44.97. The stock has a market capitalization of $5.10 billion, a PE ratio of 13.80, a PEG ratio of 1.08 and a beta of 0.51. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18.

Institutional Investors Weigh In On KBR

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in KBR by 11.2% in the first quarter. Royal Bank of Canada now owns 81,779 shares of the construction company’s stock worth $4,073,000 after purchasing an additional 8,243 shares during the period. Goldman Sachs Group Inc. lifted its position in KBR by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 627,321 shares of the construction company’s stock valued at $31,247,000 after buying an additional 211,311 shares during the period. Empowered Funds LLC bought a new stake in shares of KBR during the 1st quarter valued at $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of KBR by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 395,574 shares of the construction company’s stock worth $19,704,000 after buying an additional 23,738 shares during the period. Finally, IFP Advisors Inc grew its position in shares of KBR by 15.2% in the 2nd quarter. IFP Advisors Inc now owns 2,653 shares of the construction company’s stock worth $127,000 after buying an additional 351 shares during the period. 97.02% of the stock is currently owned by institutional investors.

KBR Company Profile

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.