Retirement Systems of Alabama Has $10.96 Million Stock Holdings in KBR, Inc. $KBR

Retirement Systems of Alabama lowered its position in shares of KBR, Inc. (NYSE:KBR) by 27.9% in the third quarter, Holdings Channel reports. The institutional investor owned 231,693 shares of the construction company’s stock after selling 89,688 shares during the period. Retirement Systems of Alabama’s holdings in KBR were worth $10,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in KBR by 432.5% during the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock worth $29,000 after acquiring an additional 493 shares during the period. Bessemer Group Inc. grew its position in shares of KBR by 75.8% during the 2nd quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after purchasing an additional 266 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of KBR by 37.5% during the second quarter. GAMMA Investing LLC now owns 1,093 shares of the construction company’s stock worth $52,000 after purchasing an additional 298 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of KBR by 98.1% in the second 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of KBR in the third quarter valued at approximately $70,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

KBR Stock Up 0.1%

Shares of NYSE KBR opened at $43.18 on Thursday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.07 and a beta of 0.52. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. KBR, Inc. has a 12 month low of $39.52 and a 12 month high of $56.78. The stock has a 50-day moving average price of $42.47 and a two-hundred day moving average price of $45.25.

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