Hennessy Advisors Inc. Takes $47.02 Million Position in KBR, Inc. (NYSE:KBR)

Hennessy Advisors Inc. purchased a new position in KBR, Inc. (NYSE:KBR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 811,700 shares of the construction company’s stock, valued at approximately $47,022,000. KBR makes up about 1.4% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Hennessy Advisors Inc. owned 0.61% of KBR at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of KBR in the 3rd quarter worth approximately $26,000. Quarry LP boosted its holdings in KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock worth $53,000 after purchasing an additional 673 shares during the period. Eastern Bank bought a new stake in KBR during the third quarter valued at $65,000. Daiwa Securities Group Inc. bought a new stake in KBR during the third quarter valued at $111,000. Finally, Blue Trust Inc. raised its holdings in shares of KBR by 32.2% during the third quarter. Blue Trust Inc. now owns 1,926 shares of the construction company’s stock worth $124,000 after purchasing an additional 469 shares during the period. 97.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KBR has been the topic of several research reports. Citigroup increased their price objective on shares of KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $84.00 price target on shares of KBR in a report on Tuesday, November 19th. TD Cowen lowered their price objective on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. StockNews.com cut KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.86.

KBR Price Performance

Shares of KBR opened at $59.79 on Friday. KBR, Inc. has a one year low of $51.60 and a one year high of $72.60. The stock’s fifty day moving average is $59.84 and its 200-day moving average is $63.90. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.

KBR (NYSE:KBR) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a net margin of 4.35% and a return on equity of 28.87%. KBR’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Equities analysts anticipate that KBR, Inc. will post 3.26 EPS for the current year.

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.