23,448 Shares in Fluor Co. (NYSE:FLR) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,448 shares of the construction company's stock, valued at approximately $1,156,000. Fluor accounts for about 1.1% of Murphy & Mullick Capital Management Corp's investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake 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 during the period. Golden State Wealth Management LLC acquired a new stake in shares of Fluor during the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $47,000 after acquiring an additional 287 shares during the period. 1620 Investment Advisors Inc. bought a new position in Fluor in the 4th quarter worth about $57,000. Finally, Quarry LP increased its position in Fluor by 244.7% in the 3rd 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 currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of NYSE FLR traded down $1.01 during mid-day trading on Friday, reaching $36.15. The company had a trading volume of 2,236,586 shares, compared to its average volume of 2,072,815. The business's 50-day simple moving average is $42.05 and its 200 day simple moving average is $48.09. 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 one year low of $34.01 and a one year high of $60.10. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 2.97, a PEG ratio of 1.36 and a beta of 1.73.

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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). The firm 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, research analysts predict that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research reports. StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th. Citigroup cut their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. DA Davidson reduced their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Truist Financial reduced their price objective on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. 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 data from MarketBeat, the company currently 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.