Fox Run Management L.L.C. Invests $1.03 Million in Fluor Co. (NYSE:FLR)

Fox Run Management L.L.C. bought a new position in shares of Fluor Co. (NYSE:FLR) in the 4th quarter, Holdings Channel reports. The fund bought 20,824 shares of the construction company’s stock, valued at approximately $1,027,000.

Several other hedge funds have also made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of Fluor by 1.7% during the fourth quarter. American Century Companies Inc. now owns 57,664 shares of the construction company’s stock worth $2,844,000 after buying an additional 973 shares during the period. Virtu Financial LLC boosted its stake in shares of Fluor by 39.9% during the fourth quarter. Virtu Financial LLC now owns 17,536 shares of the construction company’s stock worth $865,000 after buying an additional 5,005 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Fluor during the fourth quarter worth about $3,667,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Fluor during the fourth quarter worth about $57,000. Finally, Teacher Retirement System of Texas raised its holdings in Fluor by 124.1% during the fourth quarter. Teacher Retirement System of Texas now owns 50,070 shares of the construction company’s stock worth $2,469,000 after purchasing an additional 27,723 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Citigroup cut their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Robert W. Baird cut their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Finally, DA Davidson dropped their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Three research 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Stock Up 0.1 %

FLR stock opened at $37.72 on Friday. The company’s 50 day simple moving average is $43.19 and its 200-day simple moving average is $48.34. The firm has a market capitalization of $6.34 billion, a PE ratio of 3.09, a P/E/G ratio of 1.36 and a beta of 1.73. Fluor Co. has a 12 month low of $34.01 and a 12 month high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

Fluor (NYSE:FLR) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business 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 analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal 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.