Renaissance Technologies LLC Buys 114,400 Shares of Fluor Co. (NYSE:FLR)

Renaissance Technologies LLC increased its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 100.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,600 shares of the construction company's stock after purchasing an additional 114,400 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Fluor worth $11,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Fluor during the third quarter worth $598,000. Sanctuary Advisors LLC lifted its holdings in Fluor by 18.2% during the third quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company's stock worth $278,000 after acquiring an additional 897 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Fluor in the third quarter valued at about $96,000. Cim Investment Management Inc. bought a new stake in shares of Fluor in the third quarter worth about $391,000. Finally, Birmingham Capital Management Co. Inc. AL acquired a new stake in shares of Fluor during the third quarter worth about $202,000. Institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FLR shares. Robert W. Baird decreased their price objective on Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Finally, Truist Financial cut their price target on Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fluor has a consensus rating of "Moderate Buy" and a consensus target price of $49.43.

Fluor Stock Up 2.6 %

Shares of NYSE FLR traded up $0.86 during mid-day trading on Tuesday, hitting $33.87. The company had a trading volume of 2,380,123 shares, compared to its average volume of 2,169,758. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $36.13 and a two-hundred day simple moving average of $46.34. The company has a market capitalization of $5.69 billion, a PE ratio of 2.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. Fluor Co. has a one year low of $29.20 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share 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 the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities analysts expect that Fluor Co. will post 2.5 EPS for the current year.

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.