KBR, Inc. (KBR): Are Hedge Funds Right About This Stock?

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These stocks are Dycom Industries, Inc. (NYSE:DY), Texas Capital Bancshares Inc (NASDAQ:TCBI), IBERIABANK Corporation (NASDAQ:IBKC), and Huntsman Corporation (NYSE:HUN). This group of stocks’ market valuations match KBR’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DY 25 579172 2
TCBI 15 219834 -1
IBKC 8 188712 -2
HUN 45 465214 7

As you can see these stocks had an average of 23.25 hedge funds with bullish positions and the average amount invested in these stocks was $363 million. That figure was $709 million in KBR’s case. Huntsman Corporation (NYSE:HUN) is the most popular stock in this table. On the other hand IBERIABANK Corporation (NASDAQ:IBKC) is the least popular one with only 8 bullish hedge fund positions. KBR, Inc. (NYSE:KBR) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HUN might be a better candidate to consider a long position.

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