16,081 Shares in Fluor Co. (NYSE:FLR) Bought by MGO One Seven LLC

MGO One Seven LLC bought a new stake in Fluor Co. (NYSE:FLR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,081 shares of the construction company’s stock, valued at approximately $793,000.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Fluor by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after buying an additional 213 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Fluor by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock valued at $533,000 after acquiring an additional 241 shares during the last quarter. CIBC Asset Management Inc increased its position in Fluor by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company’s stock valued at $256,000 after purchasing an additional 264 shares during the period. Smartleaf Asset Management LLC raised its holdings in Fluor by 43.0% during 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 last quarter. Finally, Highland Capital Management LLC boosted its stake in shares of Fluor by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company’s stock valued at $229,000 after purchasing an additional 288 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FLR shares. Barclays set a $40.00 target price on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Truist Financial decreased their target price on Fluor from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their price target on Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday. Finally, StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus price target of $45.57.

Fluor Trading Down 0.2 %

NYSE FLR opened at $35.54 on Friday. 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 52 week low of $29.20 and a 52 week high of $60.10. The business has a 50 day moving average price of $35.72 and a 200-day moving average price of $46.02. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 2.92, a P/E/G ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last announced its quarterly 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). The business 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%. As a group, equities analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.