Brightline Capital Management LLC Purchases 68,000 Shares of Fluor Co. (NYSE:FLR)

Brightline Capital Management LLC grew its stake in Fluor Co. (NYSE:FLR - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,000 shares of the construction company's stock after acquiring an additional 68,000 shares during the period. Fluor accounts for approximately 20.4% of Brightline Capital Management LLC's holdings, making the stock its largest position. Brightline Capital Management LLC owned approximately 0.30% of Fluor worth $25,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after buying an additional 527 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after purchasing an additional 408 shares during the period. Golden State Wealth Management LLC bought a new position in Fluor in the 4th quarter valued at about $33,000. Smartleaf Asset Management LLC grew its position in shares of Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Fluor in the 4th quarter valued at $57,000. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FLR. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Baird R W lowered Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Truist Financial cut their price objective on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird dropped their target price on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.43.

Fluor Price Performance

Shares of FLR traded up $0.64 during trading hours on Thursday, reaching $34.19. The stock had a trading volume of 718,590 shares, compared to its average volume of 2,147,338. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The company's 50-day moving average is $37.22 and its two-hundred day moving average is $46.75. 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 stock has a market capitalization of $5.74 billion, a PE ratio of 2.80, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Research analysts expect that Fluor Co. will post 2.5 EPS for the current year.

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.