Inspire Investing LLC Increases Investment in KBR, Inc.

Inspire Investing LLC has recently boosted its stake in KBR, Inc. (NYSE:KBR – Free Report) by 9.4% during the fourth quarter, according to reports from HoldingsChannel. This institutional investor now holds 6,917 shares of KBR after acquiring an additional 597 shares in the recent period. By the close of the latest reporting, Inspire Investing LLC’s investment in KBR was valued at approximately $401,000.

Other institutional investors and hedge funds have also modified their positions in KBR. For instance, True Wealth Design LLC entered a new position in KBR in the third quarter, valued at around $26,000. UMB Bank n.a. increased its shareholding in KBR by 49.2% in the fourth quarter, attaining ownership of 531 shares, valued at $31,000 after acquiring an additional 175 shares. Quarry LP notably raised its stake in KBR by a significant 454.7% during the second quarter, now holding 821 shares worth approximately $53,000 after adding 673 shares. Moreover, Eastern Bank and Daiwa Securities Group Inc. have also made purchases in the stock during the third quarter, valued at about $65,000 and $111,000 respectively. Currently, hedge funds and other institutional investors own 97.02% of KBR’s shares.

Analyst Insights

In the meanwhile, various brokerages have released recent analyses concerning KBR. DA Davidson reaffirmed a “buy” rating while setting a price target of $84.00 on KBR shares in a report dated November 19. In another development, KeyCorp decreased its price target from $78.00 to $70.00 while maintaining an “overweight” rating on January 8. Additionally, StockNews.com moved from rating KBR as a “strong-buy” to a “buy” rating as of October 6. TD Cowen has also adjusted its price target downward from $72.00 to $64.00, assigning a “hold” rating for the stock. Conversely, UBS Group increased its outlook for KBR from $77.00 to $78.00, further supporting a “buy” rating. Currently, one analyst holds a hold rating, while seven analysts have rated the stock as a buy. Data sourced from MarketBeat reveals a consensus rating of “Moderate Buy” alongside a price target of $78.86.

KBR Stock Information

As of Monday, shares of KBR were trading at $56.34, reflecting a decrease of 2.1%. The company boasts a 50-day moving average of $58.81 and a 200-day moving average of $63.69. Throughout the past year, KBR's stock has experienced a low of $51.60 and a high of $72.60. The company's quick ratio stands at 1.07, alongside a current ratio of 1.07, while the debt-to-equity ratio is reported at 1.69. KBR, Inc. oversees a market capitalization of $7.51 billion, with a price-to-earnings ratio of 23.67 and a price-to-earnings-growth ratio of 1.01, complemented by a beta of 0.85.

About KBR

KBR, Inc. specializes in providing scientific, technological, and engineering solutions to both governmental and commercial entities on a global scale. The company operates through two segments: Government Solutions and Sustainable Technology Solutions. Within its Government Solutions division, KBR offers extensive lifecycle support for defense, intelligence, space, aviation, and various other programs essential to military and governmental operations primarily in the United States, the United Kingdom, and Australia.

Concluding Notes

For ongoing updates, users are encouraged to keep track of KBR and its recent developments in the market.

Investment, KBR, Stocks