Jacobs Levy Equity Management Inc. Increases Stock Holdings in Fluor Co. (NYSE:FLR)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Fluor Co. (NYSE:FLR) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,842 shares of the construction company’s stock after buying an additional 53,089 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Fluor were worth $50,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Fluor in the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC grew its holdings in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after buying an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Fluor in the 4th quarter valued at about $57,000. Finally, Venturi Wealth Management LLC grew its position 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.

Wall Street Analysts Forecast Growth

FLR has been the subject of several analyst reports. Robert W. Baird set a $41.00 price objective on Fluor in a research report on Monday, May 5th. UBS Group decreased their target price on Fluor from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Truist Financial lifted their price objective on Fluor from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, May 5th. DA Davidson decreased their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup dropped their price objective on Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Fluor Stock Performance

Fluor stock opened at $35.84 on Monday. The stock has a fifty day moving average price of $35.23 and a 200 day moving average price of $44.76. Fluor Co. has a 52 week low of $29.20 and a 52 week high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $5.90 billion, a P/E ratio of 2.94, a PEG ratio of 1.36 and a beta of 1.24.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share 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.