Cinctive Capital Management LP Purchases New Position in Fluor Co. (NYSE:FLR)

Cinctive Capital Management LP bought a new stake in Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,942 shares of the construction company's stock, valued at approximately $1,131,000.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Fluor by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock valued at $112,000 after purchasing an additional 213 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after buying an additional 241 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Fluor by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after buying an additional 264 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Fluor by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company's stock valued at $286,000 after acquiring an additional 277 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after acquiring an additional 287 shares during the period. Institutional investors own 88.07% of the company's stock.

Fluor Stock Up 12.6 %

Shares of NYSE FLR traded up $3.89 during trading on Wednesday, hitting $34.75. The stock had a trading volume of 3,455,584 shares, compared to its average volume of 2,129,743. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market capitalization of $5.84 billion, a PE ratio of 2.85, a PEG 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 firm has a fifty day moving average of $38.68 and a two-hundred day moving average of $47.21.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Fluor

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.