Janney Montgomery Scott LLC Has $662,000 Stock Position in KBR, Inc. (NYSE:KBR)

Janney Montgomery Scott LLC lessened its stake in shares of KBR, Inc. (NYSE:KBR) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,429 shares of the construction company’s stock after selling 335 shares during the quarter. Janney Montgomery Scott LLC’s holdings in KBR were worth $662,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KBR. UMB Bank n.a. boosted its holdings in KBR by 49.2% in the fourth quarter. UMB Bank n.a. now owns 531 shares of the construction company’s stock worth $31,000 after acquiring an additional 175 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of KBR by 1.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 19,700 shares of the construction company’s stock worth $1,283,000 after purchasing an additional 300 shares in the last quarter. True Wealth Design LLC acquired a new stake in KBR in the 3rd quarter valued at $26,000. Blue Trust Inc. increased its stake in KBR by 32.2% during the 3rd quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock valued at $124,000 after purchasing an additional 469 shares in the last quarter. Finally, Cetera Trust Company N.A raised its holdings in KBR by 18.8% during the fourth quarter. Cetera Trust Company N.A now owns 3,567 shares of the construction company’s stock worth $207,000 after buying an additional 565 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

Shares of KBR opened at $54.57 on Friday. The stock has a 50 day moving average of $57.65 and a 200 day moving average of $62.88. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 0.92 and a beta of 0.83. KBR, Inc. has a 12 month low of $52.57 and a 12 month high of $72.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KBR shares. UBS Group lifted their price objective on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen cut their price target on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. KeyCorp lowered their price objective on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup cut their target price on KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, DA Davidson reissued a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, KBR has a consensus rating of “Moderate Buy” and an average target price of $78.00.

KBR Company Profile

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.