KBR, Inc. (KBR) Shares Sold by New Mexico Educational Retirement Board

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.

A number of research firms have commented on KBR. ValuEngine downgraded shares of KBR from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. TheStreet downgraded shares of KBR from a “b” rating to a “c+” rating in a research report on Monday, December 24th. Cowen began coverage on shares of KBR in a research report on Monday, January 28th. They set a “market perform” rating and a $20.00 target price on the stock. Zacks Investment Research reissued a “strong-buy” rating and set a $23.00 target price on shares of KBR in a research report on Tuesday, November 13th. Finally, MKM Partners began coverage on shares of KBR in a research report on Friday, December 28th. They set a “top pick” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.45.

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KBR Profile

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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Institutional Ownership by Quarter for KBR (NYSE:KBR)

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