Callan Family Office LLC Purchases New Shares in Fluor Co. (NYSE:FLR)

Callan Family Office LLC acquired a new position in Fluor Co. (NYSE:FLR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,796 shares of the construction company’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake 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 purchased a new stake in Fluor in the fourth quarter worth about $33,000. Smartleaf Asset Management LLC lifted 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 valued at $47,000 after purchasing an additional 287 shares during the last quarter. Quarry LP lifted its holdings in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock worth $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 Down 1.1 %

Shares of FLR stock opened at $36.16 on Monday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 2.97, a P/E/G 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. The firm’s 50 day moving average is $45.83 and its 200 day moving average is $49.24. Fluor Co. has a 12-month low of $35.10 and a 12-month high of $60.10.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Research analysts expect that Fluor Co. will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of recent research reports. Truist Financial lowered their price objective on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Citigroup lowered their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. 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. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Fluor from a “buy” rating to a “hold” rating in a research note on Sunday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and an average price target of $54.71.

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.