KBR (NYSE:KBR) Downgraded by StockNews.com to Buy

KBR (NYSE:KBR) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other research firms have also recently issued reports on KBR. DA Davidson reiterated a “buy” rating and issued a $78.00 target price on shares of KBR in a research note on Tuesday, June 25th. UBS Group boosted their target price on shares of KBR from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Citigroup upped their target price on shares of KBR from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Stifel Nicolaus lifted their price target on KBR from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.00.

KBR Stock Performance

Shares of NYSE KBR traded up $0.51 during mid-day trading on Monday, hitting $64.78. The company had a trading volume of 650,892 shares, compared to its average volume of 1,169,987. KBR has a 12 month low of $49.37 and a 12 month high of $69.37. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of -33.74, a PEG ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50 day simple moving average is $64.71 and its two-hundred day simple moving average is $62.66.

Insider Activity

In related news, EVP Sonia Galindo sold 4,660 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $66.00, for a total transaction of $307,560.00. Following the sale, the executive vice president now owns 21,409 shares of the company’s stock, valued at $1,412,994. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd boosted its holdings in KBR by 96.9% during the second quarter. XTX Topco Ltd now owns 26,396 shares of the construction company’s stock worth $1,693,000 after buying an additional 12,988 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of KBR during the 2nd quarter worth $390,000. Blair William & Co. IL bought a new stake in shares of KBR during the 2nd quarter worth $1,270,000. Vanguard Personalized Indexing Management LLC raised its position 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 worth $973,000 after purchasing an additional 901 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of KBR during the second quarter worth $367,000. 97.02% of the stock is owned by institutional investors and hedge funds.

About KBR

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.