Apollon Wealth Management LLC Makes New Investment in KBR, Inc. (NYSE:KBR)

Apollon Wealth Management LLC acquired a new position in shares of KBR, Inc. (NYSE:KBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,412 shares of the construction company’s stock, valued at approximately $487,000.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp grew its position in shares of KBR by 0.7% during the 3rd quarter. State Street Corp now owns 4,016,324 shares of the construction company’s stock worth $262,185,000 after buying an additional 29,833 shares during the period. Franklin Resources Inc. grew its position in shares of KBR by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock valued at $167,876,000 after purchasing an additional 305,889 shares during the period. Jennison Associates LLC grew its position in shares of KBR by 27.8% in the 3rd quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company’s stock valued at $105,624,000 after purchasing an additional 353,209 shares during the period. Loomis Sayles & Co. L P grew its position in shares of KBR by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company’s stock valued at $81,840,000 after purchasing an additional 62,880 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in shares of KBR in the 4th quarter valued at approximately $47,022,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

Shares of NYSE KBR opened at $52.40 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $57.09 and its two-hundred day moving average price is $62.52. KBR, Inc. has a one year low of $52.18 and a one year high of $72.60. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 0.92 and a beta of 0.83.

Analyst Upgrades and Downgrades

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

KBR 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.