Graham Capital Management L.P. Takes Position in Fluor Co. (NYSE:FLR)

Graham Capital Management L.P. purchased a new position in shares of Fluor Co. (NYSE:FLR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 45,502 shares of the construction company’s stock, valued at approximately $2,244,000.

Several other institutional investors and hedge funds have also bought and sold shares of FLR. Alyeska Investment Group L.P. grew its position in Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company’s stock worth $97,954,000 after acquiring an additional 1,523,647 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Fluor by 10,125.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company’s stock worth $52,129,000 after acquiring an additional 1,046,610 shares during the last quarter. Hood River Capital Management LLC grew its position in Fluor by 58.4% during the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company’s stock worth $96,285,000 after acquiring an additional 719,583 shares during the last quarter. Yaupon Capital Management LP bought a new position in Fluor during the 4th quarter worth approximately $26,353,000. Finally, Frontier Capital Management Co. LLC bought a new position in Fluor during the 4th quarter worth approximately $25,117,000. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Up 0.6%

NYSE FLR opened at $35.84 on Monday. 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 twelve month low of $29.20 and a twelve month high of $60.10. The firm has a market capitalization of $5.90 billion, a PE ratio of 2.94, a P/E/G ratio of 1.36 and a beta of 1.24. The stock’s 50 day moving average is $35.23 and its 200 day moving average is $44.76.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the topic of several recent research reports. Truist Financial raised their price target on Fluor from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Robert W. Baird set a $41.00 price objective on Fluor in a research report on Monday, May 5th. Citigroup cut their price objective on Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group cut their price objective on Fluor from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Finally, StockNews.com lowered Fluor from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.43.

Fluor 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.