KBR (NYSE:KBR) Sets New 12-Month Low – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of KBR from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Weiss Ratings upgraded shares of KBR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Bank of America decreased their price target on KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Citigroup dropped their price objective on KBR from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, Oppenheimer assumed coverage on KBR in a research note on Tuesday, December 2nd. They set an “outperform” rating and a $60.00 target price for the company. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.00.

KBR Price Performance

The firm has a market cap of $5.10 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.08 and a beta of 0.51. The company has a fifty day moving average of $42.77 and a 200-day moving average of $44.97. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18.

Hedge Funds Weigh In On KBR

Several institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in shares of KBR by 207.8% in the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock valued at $28,000 after purchasing an additional 401 shares during the period. EverSource Wealth Advisors LLC grew its stake in KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares in the last quarter. Farther Finance Advisors LLC grew its stake in KBR by 89.8% in the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after buying an additional 289 shares in the last quarter. Bessemer Group Inc. raised its holdings in KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock valued at $30,000 after acquiring an additional 266 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of KBR during the third quarter worth $32,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About KBR

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.