5 Best Engineering Stocks to Buy for 2024

2. KBR, Inc. (NYSE:KBR)

Number of Q4 2023 Hedge Fund Shareholders: 47

KBR, Inc. (NYSE:KBR) provides design and systems engineering services to the defense and space industry worldwide. The firm has beaten analyst EPS estimates in three out of its four latest quarters, the shares are rated Strong Buy on average, and the average analyst share price target is $68.90.

During last year’s December quarter, 47 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in the company. The largest KBR, Inc. (NYSE:KBR) hedge fund shareholder is Alex Duran and Scott Hendrickson’s Permian Investment Partners as it owns 2.7 million shares that are worth $153 million.

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