Anomaly Capital Management LP Invests $13 Million in Fluor Co. (NYSE:FLR)

Anomaly Capital Management LP bought a new stake in Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 263,480 shares of the construction company's stock, valued at approximately $12,995,000. Anomaly Capital Management LP owned approximately 0.15% of Fluor at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC raised its position in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Fluor during the 4th quarter valued at $33,000. Smartleaf Asset Management LLC boosted its holdings in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Fluor in the 4th quarter worth $57,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Performance

NYSE FLR traded down $0.06 during trading on Friday, hitting $35.54. 2,320,986 shares of the company's stock traded hands, compared to its average volume of 2,194,533. The business has a 50 day moving average of $35.72 and a 200-day moving average of $45.99. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66. Fluor Co. has a 12-month low of $29.20 and a 12-month high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR - Get Free Report) last issued its 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 company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FLR. Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Robert W. Baird decreased their target price on Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. KeyCorp reduced their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, Truist Financial lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.57.

Fluor 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.