Bessemer Group Inc. Boosts Stake in Fluor Co. (NYSE:FLR)

Bessemer Group Inc. grew its holdings in Fluor Co. (NYSE:FLR - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 584,536 shares of the construction company's stock after buying an additional 19,890 shares during the period. Bessemer Group Inc. owned 0.34% of Fluor worth $28,830,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FLR. Cornerstone Wealth Management LLC acquired a new stake in Fluor in the 4th quarter worth about $484,000. Quantbot Technologies LP acquired a new stake in Fluor in the fourth quarter valued at approximately $3,667,000. Exchange Traded Concepts LLC grew its stake in shares of Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after buying an additional 32,472 shares during the last quarter. Cinctive Capital Management LP acquired a new position in shares of Fluor during the fourth quarter worth $1,131,000. Finally, LPL Financial LLC boosted its holdings in shares of Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after acquiring an additional 19,161 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Trading Down 0.6 %

Shares of NYSE:FLR traded down $0.20 during mid-day trading on Wednesday, hitting $33.79. The company had a trading volume of 569,608 shares, compared to its average volume of 3,076,812. The company has a market capitalization of $5.68 billion, a PE ratio of 2.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The firm has a fifty day moving average price of $37.53 and a 200 day moving average price of $46.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

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). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, research analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FLR shares. Truist Financial dropped their target price on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. DA Davidson cut their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. KeyCorp dropped their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Citigroup lowered their target price on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Fluor has an average rating of "Moderate Buy" and an average target price of $49.43.

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.