20,824 Shares in Fluor Co. (NYSE:FLR) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,824 shares of the construction company's stock, valued at approximately $1,027,000.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its holdings 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 purchasing an additional 527 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Fluor in the fourth quarter worth $33,000. Smartleaf Asset Management LLC increased its position in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Fluor in the fourth quarter valued at $57,000. Finally, Quarry LP boosted its holdings in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after purchasing an additional 942 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Down 2.6 %

Shares of Fluor stock traded down $1.02 during trading hours on Wednesday, hitting $37.72. The company had a trading volume of 2,415,365 shares, compared to its average volume of 2,000,829. 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's 50-day moving average is $42.58 and its two-hundred day moving average is $48.19. The company has a market cap of $6.34 billion, a P/E ratio of 3.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10.

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Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLR has been the topic of a number of analyst reports. KeyCorp increased their price target on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Robert W. Baird reduced their target price on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. DA Davidson reduced their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, Truist Financial decreased their price objective on shares of Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $54.71.

Fluor Company 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.