Keeley Teton Advisors LLC Takes Position in Fluor Co. (NYSE:FLR)

Keeley Teton Advisors LLC bought a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,389 shares of the construction company's stock, valued at approximately $1,154,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLR. Clearbridge Investments LLC bought a new position in Fluor in the fourth quarter worth approximately $25,056,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Fluor in the 4th quarter valued at about $24,849,000. Artemis Investment Management LLP boosted its stake in shares of Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after purchasing an additional 412,312 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Fluor during the fourth quarter worth $13,130,000. Finally, Principal Financial Group Inc. raised its position in shares of Fluor by 42.1% in the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock worth $41,077,000 after acquiring an additional 254,904 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FLR shares. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday. Truist Financial decreased their price objective on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, Robert W. Baird dropped their target price on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.43.

Fluor Price Performance

Shares of Fluor stock traded up $0.44 on Friday, hitting $33.99. The company's stock had a trading volume of 1,746,661 shares, compared to its average volume of 2,159,047. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 2.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The firm has a fifty day moving average price of $36.62 and a 200-day moving average price of $46.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a 1 year low of $29.20 and a 1 year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced 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 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, sell-side analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal 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.