WINTON GROUP Ltd purchased a new position in Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 45,299 shares of the construction company's stock, valued at approximately $2,234,000.
A number of other institutional investors have also made changes to their positions in FLR. Versant Capital Management Inc raised its holdings in Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after purchasing an additional 527 shares during the period. Golden State Wealth Management LLC acquired a new stake in Fluor during the 4th quarter worth $33,000. Smartleaf Asset Management LLC lifted its holdings in 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 in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Fluor in the fourth quarter valued at about $57,000. Finally, Quarry LP increased its holdings in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after acquiring an additional 942 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FLR has been the topic of several recent analyst reports. Citigroup cut their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. KeyCorp upped their price target on shares of Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. 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. Finally, Robert W. Baird lowered their target price on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $54.71.
View Our Latest Research Report on Fluor
Fluor Stock Up 1.5 %
FLR stock traded up $0.52 during midday trading on Tuesday, hitting $36.34. The company's stock had a trading volume of 2,543,230 shares, compared to its average volume of 2,078,520. The company's fifty day moving average price is $41.42 and its 200 day moving average price is $47.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10. The stock has a market capitalization of $6.11 billion, a P/E ratio of 2.98, a PEG ratio of 1.36 and a beta of 1.73.
Fluor (NYSE:FLR - Get Free Report) last released 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). 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. As a group, equities research analysts predict that Fluor Co. will post 2.5 EPS for the current year.
About Fluor
(
Free Report)
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.
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