Teacher Retirement System of Texas Lowers Stake in KBR, Inc. $KBR

Teacher Retirement System of Texas lessened its holdings in KBR, Inc. (NYSE:KBR) by 29.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,384 shares of the construction company’s stock after selling 14,378 shares during the quarter. Teacher Retirement System of Texas’ holdings in KBR were worth $1,626,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Pembroke Management LTD increased its holdings in shares of KBR by 9.1% during the second quarter. Pembroke Management LTD now owns 240,806 shares of the construction company’s stock valued at $11,544,000 after acquiring an additional 19,995 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in KBR during the 3rd quarter valued at about $33,666,000. Fort Washington Investment Advisors Inc. OH increased its stake in KBR by 38.9% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 535,236 shares of the construction company’s stock valued at $25,311,000 after purchasing an additional 149,900 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of KBR by 8.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,090,874 shares of the construction company’s stock worth $196,116,000 after buying an additional 308,268 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of KBR by 11.6% in the second quarter. JPMorgan Chase & Co. now owns 610,834 shares of the construction company’s stock worth $29,283,000 after buying an additional 63,296 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of KBR from $62.00 to $50.00 and set a “buy” rating for the company in a report on Friday, December 19th. Wall Street Zen lowered KBR from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Weiss Ratings downgraded KBR from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Citigroup reduced their price objective on KBR from $57.00 to $53.00 and set a “buy” rating for the company in a report on Monday, January 26th. Finally, Wells Fargo & Company began coverage on shares of KBR in a research note on Thursday, November 13th. They set an “equal weight” rating and a $45.00 target price on the stock. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, KBR has an average rating of “Hold” and a consensus target price of $57.00.

KBR Trading Down 1.0%

Shares of KBR stock opened at $42.81 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.07 and a beta of 0.52. KBR, Inc. has a 1 year low of $39.52 and a 1 year high of $56.78. The firm has a fifty day moving average price of $42.59 and a 200-day moving average price of $45.20.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.07. KBR had a return on equity of 35.14% and a net margin of 4.71%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.84 earnings per share. KBR’s quarterly revenue was down .3% compared to the same quarter last year. As a group, equities analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

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.