Susquehanna Fundamental Investments LLC Buys New Stake in Fluor Co. (NYSE:FLR)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 143,024 shares of the construction company's stock, valued at approximately $7,054,000. Susquehanna Fundamental Investments LLC owned 0.08% of Fluor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FLR. GAMMA Investing LLC boosted its position in Fluor by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock valued at $112,000 after purchasing an additional 213 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Fluor by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock valued at $533,000 after buying an additional 241 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Fluor by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after buying an additional 264 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $47,000 after acquiring an additional 287 shares during the last quarter. Finally, Highland Capital Management LLC increased its stake in shares of Fluor by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company's stock worth $229,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Performance

Fluor stock traded up $0.88 during mid-day trading on Thursday, reaching $35.77. The company had a trading volume of 3,785,906 shares, compared to its average volume of 2,210,506. The company has a 50 day moving average of $35.47 and a 200-day moving average of $45.73. Fluor Co. has a 52 week low of $29.20 and a 52 week 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 firm has a market cap of $6.01 billion, a price-to-earnings ratio of 2.93, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.42 billion. On average, sell-side analysts expect that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on FLR. Truist Financial lowered their target price on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Citigroup cut their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Robert W. Baird reduced their price objective on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.57.

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.