NEOS Investment Management LLC boosted its holdings in Fluor Co. (NYSE:FLR - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,800 shares of the construction company's stock after purchasing an additional 20,075 shares during the quarter. NEOS Investment Management LLC owned approximately 0.06% of Fluor worth $5,317,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted 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 worth $27,000 after acquiring an additional 527 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at $33,000. Smartleaf Asset Management LLC increased its holdings 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 worth $47,000 after buying an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Fluor in the 4th quarter worth $57,000. Finally, Quarry LP grew its position in Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after acquiring an additional 942 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.
Fluor Stock Up 0.5 %
Shares of FLR traded up $0.17 during trading on Tuesday, reaching $35.99. The company's stock had a trading volume of 854,961 shares, compared to its average volume of 2,068,114. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 2.94, a P/E/G ratio of 1.36 and a beta of 1.73. The company has a fifty day moving average of $41.76 and a two-hundred day moving average of $48.05.
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 company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, sell-side analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. DA Davidson cut their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th. Finally, KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.71.
Check Out Our Latest Stock Report on FLR
Fluor Company Profile
(
Free Report)
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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