Graham Capital Management L.P. Acquires Shares of 45,502 Fluor Co. (NYSE:FLR)

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

A number of other institutional investors have also recently bought and sold shares of FLR. Alyeska Investment Group L.P. lifted its holdings in Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company’s stock valued at $97,954,000 after purchasing an additional 1,523,647 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Fluor by 10,125.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company’s stock valued at $52,129,000 after purchasing an additional 1,046,610 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Fluor by 58.4% during the fourth quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company’s stock valued at $96,285,000 after purchasing an additional 719,583 shares during the last quarter. Yaupon Capital Management LP purchased a new stake in Fluor during the fourth quarter valued at about $26,353,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in Fluor during the fourth quarter valued at about $25,117,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $35.84 on Monday. The business’s 50-day moving average price is $35.23 and its two-hundred day moving average price is $44.76. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10. The stock has a market cap of $5.90 billion, a P/E ratio of 2.94, a PEG ratio of 1.36 and a beta of 1.24. 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 (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. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. As a group, equities analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FLR shares. Truist Financial increased their price objective on Fluor from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Robert W. Baird set a $41.00 price objective on Fluor in a report on Monday, May 5th. StockNews.com cut Fluor from a “buy” rating to a “hold” rating in a report on Monday, May 5th. KeyCorp dropped their price objective on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Finally, DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Fluor presently has an average 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.