143,024 Shares in Fluor Co. (NYSE:FLR) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 143,024 shares of the construction company's stock, valued at approximately $7,054,000. Susquehanna Fundamental Investments LLC owned about 0.08% of Fluor at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FLR. Virtu Financial LLC purchased a new stake in shares of Fluor in the 3rd quarter worth $598,000. Sanctuary Advisors LLC raised its stake in shares of Fluor by 18.2% in the third quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company's stock worth $278,000 after buying an additional 897 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Fluor during the 3rd quarter valued at approximately $96,000. Cim Investment Management Inc. bought a new stake in Fluor during the 3rd quarter worth approximately $391,000. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in Fluor during the third quarter valued at approximately $202,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FLR. UBS Group reduced their price objective on shares of Fluor from $57.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday. DA Davidson cut their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Robert W. Baird lowered their price target on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Citigroup reduced their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Fluor has an average rating of "Moderate Buy" and an average target price of $45.57.

Fluor Trading Down 0.2 %

Shares of FLR opened at $35.54 on Monday. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company's fifty day moving average is $35.72 and its 200 day moving average is $45.99. The stock has a market capitalization of $5.97 billion, a PE ratio of 2.92, a P/E/G ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Sell-side analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Fluor Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.

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