Energy Income Partners LLC bought a new stake in KBR, Inc. (NYSE:KBR – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 194,142 shares of the construction company’s stock, valued at approximately $6,704,000.
Several other hedge funds have also made changes to their positions in KBR. EverSource Wealth Advisors LLC raised its position in shares of KBR by 432.5% during 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 during the period. Farther Finance Advisors LLC grew its holdings in shares of KBR by 89.8% during the 4th quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock worth $25,000 after purchasing an additional 289 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of KBR by 101,600.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,016 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in KBR by 98.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after buying an additional 608 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in KBR in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.
KBR Trading Up 0.1%
NYSE:KBR opened at $37.61 on Wednesday. The stock has a fifty day moving average price of $35.74 and a 200 day moving average price of $36.85. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.52. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23. The firm has a market cap of $4.74 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44.
Analyst Ratings Changes
KBR has been the subject of a number of research analyst reports. Wall Street Zen raised shares of KBR from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group boosted their target price on KBR from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Bank of America decreased their price target on KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of KBR in a research note on Wednesday, June 24th. Finally, Citigroup cut their price objective on KBR from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.67.
Get Our Latest Research Report on KBR
KBR News Summary
Here are the key news stories impacting KBR this week:
- Positive Sentiment: KBR’s Mission Technology Solutions business won a NATO recompete contract with an initial ceiling of $60 million over five years to support the PATRIOT air and missile defense system and its integration with the Integrated Battle Command System. The work includes command-and-control, engineering and sustainment services worldwide, reinforcing KBR’s defense backlog and expertise in a priority area for NATO and the U.S. KBR Awarded $60 Million Contract to Accelerate Air and Missile Defense Readiness
- Positive Sentiment: The award highlights four decades of KBR experience supporting PATRIOT systems and could strengthen investor confidence in its Mission Technology Solutions growth prospects. However, the contract’s $60 million figure is an initial ceiling rather than guaranteed revenue. KBR Wins $60 Million NATO Contract to Support PATRIOT Air and Missile Defense System
- Neutral Sentiment: KBR plans to spin off Mission Technology Solutions as an independent public company called Trinzic in January 2027. The business is expected to launch with more than $5 billion in annual revenue and 18,000 employees, but the separation means the contract’s longer-term benefits may accrue to Trinzic rather than remain entirely within KBR.
- Neutral Sentiment: Multiple reports describe confusion, delays and traffic diversions after Hyderabad police introduced a one-way system around KBR Park. “KBR Park” refers to Kasu Brahmananda Reddy National Park in India and is unrelated to KBR, Inc.; these reports have no apparent financial impact on the company. KBR Park one-way traffic system triggers confusion and snarls in Hyderabad
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.
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