Signaturefd LLC Buys 829 Shares of Fluor Co. (NYSE:FLR)

Signaturefd LLC lifted its stake in shares of Fluor Co. (NYSE:FLR) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,885 shares of the construction company’s stock after purchasing an additional 829 shares during the quarter. Signaturefd LLC’s holdings in Fluor were worth $270,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mackay Shields LLC purchased a new stake in shares of Fluor in the third quarter worth about $31,143,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Fluor by 3,488.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,400 shares of the construction company’s stock worth $22,365,000 after purchasing an additional 592,418 shares in the last quarter. Nomura Holdings Inc. bought a new position in Fluor in the 3rd quarter valued at $12,724,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Fluor by 82.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 608,786 shares of the construction company’s stock worth $22,342,000 after purchasing an additional 274,264 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Fluor by 1.4% in the third quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock worth $653,546,000 after buying an additional 243,371 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research analyst reports. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. KeyCorp initiated coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Truist Financial reaffirmed a “buy” rating and set a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. Finally, Citigroup raised their price target on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.17.

Fluor Price Performance

FLR stock opened at $40.95 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $6.97 billion, a P/E ratio of 73.13, a P/E/G ratio of 3.19 and a beta of 2.12. The firm’s fifty day moving average is $39.44 and its 200 day moving average is $38.28. Fluor Co. has a 52 week low of $25.69 and a 52 week high of $43.24.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Research analysts predict that Fluor Co. will post 2.84 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.