Murphy & Mullick Capital Management Corp Invests $1.16 Million in Fluor Co. (NYSE:FLR)

Murphy & Mullick Capital Management Corp purchased a new stake in shares of Fluor Co. (NYSE:FLR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,448 shares of the construction company’s stock, valued at approximately $1,156,000. Fluor comprises about 1.1% of Murphy & Mullick Capital Management Corp’s investment portfolio, making the stock its 21st largest position.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC boosted its stake in Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after purchasing an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Fluor during the fourth quarter worth $57,000. Finally, Quarry LP increased its stake in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after buying an additional 942 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on FLR. Robert W. Baird decreased their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Citigroup decreased their price target 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. Truist Financial dropped their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Barclays set a $40.00 price objective on Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Stock Performance

FLR stock opened at $38.78 on Wednesday. Fluor Co. has a twelve month low of $34.01 and a twelve month 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 company has a market cap of $6.52 billion, a P/E ratio of 3.18, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The business’s fifty day moving average is $42.81 and its 200-day moving average is $48.27.

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 company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Equities research analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

About Fluor

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.