New Mexico Educational Retirement Board decreased its stake in shares of KBR, Inc. (NYSE:KBR) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,500 shares of the construction company’s stock after selling 4,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in KBR were worth $433,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in KBR. Frontier Capital Management Co. LLC increased its position in KBR by 165.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 7,163,208 shares of the construction company’s stock valued at $108,737,000 after purchasing an additional 4,460,402 shares during the period. Deutsche Bank AG increased its position in KBR by 170.1% during the 3rd quarter. Deutsche Bank AG now owns 2,759,252 shares of the construction company’s stock valued at $58,301,000 after purchasing an additional 1,737,771 shares during the period. Victory Capital Management Inc. increased its position in KBR by 3,413.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,277,932 shares of the construction company’s stock valued at $27,002,000 after purchasing an additional 1,241,564 shares during the period. Copper Rock Capital Partners LLC purchased a new position in KBR during the 4th quarter valued at about $17,095,000. Finally, Castleark Management LLC purchased a new position in KBR during the 3rd quarter valued at about $17,561,000. Institutional investors own 97.74% of the company’s stock.
Shares of KBR stock opened at $17.42 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.69. KBR, Inc. has a 52-week low of $13.90 and a 52-week high of $22.22. The company has a market capitalization of $2.45 billion, a PE ratio of 11.69, a PEG ratio of 1.30 and a beta of 1.32.
KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.
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