Fox Run Management L.L.C. Buys Shares of 20,824 Fluor Co. (NYSE:FLR)

Fox Run Management L.L.C. bought a new stake in Fluor Co. (NYSE:FLR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,824 shares of the construction company’s stock, valued at approximately $1,027,000.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after buying an additional 51,018 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. Artemis Investment Management LLP lifted its position in Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after buying an additional 412,312 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Fluor by 13.1% during the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after purchasing an additional 120,800 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Fluor by 24.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company’s stock worth $46,458,000 after purchasing an additional 193,071 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of Fluor stock opened at $37.72 on Friday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 3.09, a P/E/G ratio of 1.36 and a beta of 1.73. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10. 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 firm’s 50 day moving average is $43.19 and its two-hundred day moving average is $48.34.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Research analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FLR. DA Davidson cut their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Citigroup cut their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial cut their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Robert W. Baird cut their target price on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

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.