Xponance Inc. Buys 1,014 Shares of Fluor Co. (NYSE:FLR)

Xponance Inc. boosted its stake in Fluor Co. (NYSE:FLR) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,240 shares of the construction company’s stock after acquiring an additional 1,014 shares during the quarter. Xponance Inc.’s holdings in Fluor were worth $1,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 51,018 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Artemis Investment Management LLP boosted its position in Fluor by 49.1% during the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of Fluor by 13.1% during the 4th quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after acquiring an additional 120,800 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Fluor by 24.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company’s stock valued at $46,458,000 after purchasing an additional 193,071 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays set a $40.00 target price on shares of Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Robert W. Baird reduced their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Truist Financial lowered their target price on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Finally, Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Stock Up 0.1 %

FLR stock opened at $37.72 on Monday. The business’s 50 day simple moving average is $43.19 and its 200 day simple moving average is $48.35. Fluor Co. has a 1-year low of $34.01 and a 1-year high of $60.10. The firm has a market capitalization of $6.34 billion, a PE ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last issued its quarterly earnings data 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 company had revenue of $4.26 billion during 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, research analysts anticipate that Fluor Co. will post 2.5 EPS for the current year.

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.