Crossmark Global Holdings Inc. Has $478,000 Position in KBR, Inc. (NYSE:KBR)

Crossmark Global Holdings Inc. lowered its position in KBR, Inc. (NYSE:KBRGet Rating) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,070 shares of the construction company’s stock after selling 320 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in KBR were worth $478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KBR. Arrowstreet Capital Limited Partnership increased its stake in shares of KBR by 9,478.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,303,373 shares of the construction company’s stock valued at $71,334,000 after buying an additional 1,289,765 shares during the period. Jennison Associates LLC acquired a new position in shares of KBR in the second quarter valued at approximately $40,373,000. Renaissance Technologies LLC acquired a new position in shares of KBR in the first quarter valued at approximately $22,631,000. Verition Fund Management LLC increased its stake in shares of KBR by 784.7% in the second quarter. Verition Fund Management LLC now owns 427,081 shares of the construction company’s stock valued at $20,666,000 after buying an additional 378,806 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of KBR by 199.6% in the third quarter. Assenagon Asset Management S.A. now owns 513,001 shares of the construction company’s stock valued at $22,172,000 after buying an additional 341,770 shares during the period.

KBR Stock Performance

Shares of KBR stock opened at $49.06 on Monday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 46.72 and a beta of 1.23. KBR, Inc. has a 52 week low of $41.77 and a 52 week high of $56.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average of $51.27 and a 200-day moving average of $49.67.

KBR (NYSE:KBRGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. KBR had a net margin of 2.21% and a return on equity of 25.09%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. On average, equities analysts forecast that KBR, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Jennifer Myles sold 1,449 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $50.36, for a total value of $72,971.64. Following the transaction, the executive vice president now directly owns 49,236 shares in the company, valued at approximately $2,479,524.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Jennifer Myles sold 1,449 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $50.36, for a total value of $72,971.64. Following the transaction, the executive vice president now directly owns 49,236 shares in the company, valued at approximately $2,479,524.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas Nick Kelly sold 3,456 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of $51.35, for a total value of $177,465.60. Following the completion of the transaction, the insider now owns 31,638 shares in the company, valued at $1,624,611.30. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America reissued a “buy” rating and set a $65.00 target price on shares of KBR in a research report on Friday, December 2nd. Credit Suisse Group increased their target price on shares of KBR from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 27th. StockNews.com downgraded shares of KBR from a “buy” rating to a “hold” rating in a research report on Friday, December 16th. DA Davidson decreased their target price on shares of KBR to $60.00 in a research report on Thursday, October 27th. Finally, Truist Financial increased their target price on shares of KBR from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

KBR Profile

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KBR, Inc engages in the provision of differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. It operates through the following segments: Government Solutions, Technology Solutions, Energy Solutions, Non-strategic Business, and Other.

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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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