Anomaly Capital Management LP Makes New $13 Million Investment in Fluor Co. (NYSE:FLR)

Anomaly Capital Management LP acquired a new position in Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 263,480 shares of the construction company's stock, valued at approximately $12,995,000. Anomaly Capital Management LP owned 0.15% of Fluor as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Fluor in the third quarter valued at approximately $598,000. Sanctuary Advisors LLC increased its position in Fluor by 18.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company's stock valued at $278,000 after acquiring an additional 897 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Fluor during the 3rd quarter valued at $96,000. Cim Investment Management Inc. acquired a new position in Fluor during the 3rd quarter worth $391,000. Finally, Birmingham Capital Management Co. Inc. AL bought a new position in shares of Fluor in the third quarter worth $202,000. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FLR shares. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. UBS Group reduced their price target on shares of Fluor from $57.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday. Citigroup lowered their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday. Robert W. Baird dropped their target price on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Truist Financial decreased their price target on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.57.

Fluor Price Performance

NYSE:FLR traded down $0.06 during trading hours on Friday, reaching $35.54. 2,320,986 shares of the company's stock were exchanged, compared to its average volume of 2,188,722. The company has a market capitalization of $5.97 billion, a P/E ratio of 2.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The business's 50-day simple moving average is $35.72 and its two-hundred day simple moving average is $46.05. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

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