Yaupon Capital Management LP Purchases New Shares in Fluor Co. (NYSE:FLR)

Yaupon Capital Management LP purchased a new position in Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 534,328 shares of the construction company's stock, valued at approximately $26,353,000. Fluor makes up about 1.1% of Yaupon Capital Management LP's investment portfolio, making the stock its 23rd biggest holding. Yaupon Capital Management LP owned 0.31% of Fluor as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock worth $872,871,000 after acquiring an additional 168,822 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Fluor by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock worth $152,596,000 after purchasing an additional 107,327 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Fluor by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock valued at $124,087,000 after purchasing an additional 25,528 shares during the period. Invesco Ltd. grew its holdings in Fluor by 23.1% in the 4th quarter. Invesco Ltd. now owns 1,345,503 shares of the construction company's stock valued at $66,360,000 after buying an additional 252,690 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after buying an additional 412,312 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FLR shares. UBS Group lowered their price objective on shares of Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Citigroup reduced their target price on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Friday. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, Robert W. Baird decreased their price objective on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.57.

Fluor Price Performance

NYSE:FLR traded down $0.06 during trading hours on Friday, reaching $35.54. The company had a trading volume of 2,320,986 shares, compared to its average volume of 2,188,721. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $35.72 and a two-hundred day moving average of $46.05. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The firm has a market capitalization of $5.97 billion, a PE ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results 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 for 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%. Analysts forecast that Fluor Co. will post 2.5 earnings per share 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.