7,743 Shares in Fluor Co. (NYSE:FLR) Bought by Martingale Asset Management L P

Martingale Asset Management L P purchased a new stake in Fluor Co. (NYSE:FLR) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,743 shares of the construction company’s stock, valued at approximately $382,000.

Several other hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in shares of 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 last quarter. Golden State Wealth Management LLC purchased a new position in Fluor during the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its stake in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after acquiring an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Fluor during the 4th quarter worth approximately $57,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Fluor by 826.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after purchasing an additional 1,388 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 0.7 %

Shares of NYSE FLR opened at $33.31 on Monday. The business’s 50 day moving average price is $38.11 and its 200-day moving average price is $47.03. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 2.73, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 15.14% and a net margin of 13.14%. On average, sell-side analysts expect that Fluor Co. will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on FLR. 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. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Citigroup dropped their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.43.

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.