Polymer Capital Management US LLC Acquires New Position in Fluor Co. (NYSE:FLR)

Polymer Capital Management US LLC acquired a new position in Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,700 shares of the construction company's stock, valued at approximately $873,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its position in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after acquiring an additional 527 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Fluor during the 4th quarter valued at $33,000. Smartleaf Asset Management LLC raised its position in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Fluor in the fourth quarter worth $57,000. Finally, Quarry LP grew its stake in shares of 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 buying an additional 942 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Up 0.7 %

Shares of NYSE:FLR traded up $0.24 during trading on Friday, hitting $33.31. The stock had a trading volume of 3,873,780 shares, compared to its average volume of 2,143,385. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a market capitalization of $5.60 billion, a PE ratio of 2.73, a PEG ratio of 1.36 and a beta of 1.66. The firm's fifty day moving average is $38.11 and its 200 day moving average is $47.04.

Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 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 for the quarter, compared to the consensus estimate of $4.42 billion. Analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FLR. Robert W. Baird lowered their target price on Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Truist Financial lowered their price target on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Citigroup dropped their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.43.

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.