Diversify Wealth Management LLC Grows Holdings in KBR, Inc. (NYSE:KBR)

Diversify Wealth Management LLC grew its holdings in shares of KBR, Inc. (NYSE:KBR) by 58.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,665 shares of the construction company’s stock after buying an additional 3,566 shares during the quarter. Diversify Wealth Management LLC’s holdings in KBR were worth $564,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in KBR by 8.8% in the second quarter. American Century Companies Inc. now owns 22,477 shares of the construction company’s stock worth $1,442,000 after purchasing an additional 1,809 shares during the period. Dimensional Fund Advisors LP boosted its position in KBR by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,916 shares of the construction company’s stock worth $113,331,000 after acquiring an additional 196,693 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in KBR in the 2nd quarter valued at about $367,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of KBR by 6.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,165 shares of the construction company’s stock valued at $973,000 after acquiring an additional 901 shares during the period. Finally, Blair William & Co. IL bought a new stake in shares of KBR in the 2nd quarter worth $1,270,000. 97.02% of the stock is currently owned by institutional investors.

KBR Stock Up 1.9 %

KBR opened at $60.50 on Wednesday. The firm’s fifty day moving average price is $59.12 and its two-hundred day moving average price is $63.80. The company has a market capitalization of $8.06 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.00 and a beta of 0.85. KBR, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $72.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

KBR (NYSE:KBR) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. KBR’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. On average, analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

Analyst Upgrades and Downgrades

KBR has been the subject of a number of recent research reports. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. KeyCorp decreased their target price on shares of KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup boosted their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen cut their price objective on KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and set a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.86.

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.