KBR, Inc. (NYSE:KBR) Position Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 41.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,707 shares of the construction company's stock after acquiring an additional 9,216 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in KBR were worth $1,579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KBR. Utah Retirement Systems lifted its stake in shares of KBR by 2.9% during the 4th quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after purchasing an additional 200 shares during the period. Cetera Trust Company N.A increased its stake in KBR by 5.6% in the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock valued at $188,000 after purchasing an additional 200 shares during the last quarter. KBC Group NV increased its stake in KBR by 4.8% in the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock valued at $284,000 after purchasing an additional 260 shares during the last quarter. US Bancorp DE lifted its position in KBR by 13.5% during the first quarter. US Bancorp DE now owns 2,260 shares of the construction company's stock worth $113,000 after buying an additional 268 shares during the period. Finally, Fifth Third Bancorp boosted its stake in KBR by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DA Davidson dropped their price objective on shares of KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Stifel Nicolaus upped their price target on shares of KBR from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. Citigroup lowered their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Wall Street Zen lowered KBR from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, KBR presently has a consensus rating of "Hold" and a consensus target price of $62.78.

KBR Stock Down 0.4%

NYSE:KBR traded down $0.18 during mid-day trading on Friday, hitting $49.65. The company had a trading volume of 1,135,411 shares, compared to its average volume of 1,654,417. KBR, Inc. has a 1 year low of $43.89 and a 1 year high of $72.60. The business has a fifty day simple moving average of $48.74 and a 200-day simple moving average of $50.71. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.00 and a beta of 0.76.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.10 billion. KBR had a net margin of 4.52% and a return on equity of 33.65%. KBR's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. Equities analysts forecast that KBR, Inc. will post 3.26 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the completion of the transaction, the chief executive officer owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.11% of the company's stock.

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.