Neo Ivy Capital Management Raises Stock Holdings in Fluor Co. (NYSE:FLR)

Neo Ivy Capital Management raised its position in Fluor Co. (NYSE:FLR - Free Report) by 45.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,943 shares of the construction company's stock after buying an additional 20,541 shares during the quarter. Neo Ivy Capital Management's holdings in Fluor were worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLR. Alyeska Investment Group L.P. lifted its stake in Fluor by 329.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after buying an additional 1,523,647 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Fluor by 10,125.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock worth $52,129,000 after purchasing an additional 1,046,610 shares during the last quarter. Hood River Capital Management LLC raised its stake in shares of Fluor by 58.4% during the fourth quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company's stock worth $96,285,000 after purchasing an additional 719,583 shares during the last quarter. Yaupon Capital Management LP purchased a new stake in shares of Fluor during the fourth quarter worth approximately $26,353,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Fluor during the fourth quarter worth approximately $25,117,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on FLR. UBS Group cut their price target on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Truist Financial upped their price target on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Robert W. Baird set a $41.00 price target on Fluor in a research note on Monday, May 5th. Finally, KeyCorp dropped their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Trading Down 0.7%

Shares of FLR stock opened at $37.61 on Friday. The business's fifty day moving average price is $35.62 and its 200 day moving average price is $43.96. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10. The firm has a market capitalization of $6.19 billion, a PE ratio of 3.09, a P/E/G ratio of 1.36 and a beta of 1.24. 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 - Get Free Report) last posted its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. Fluor's revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Fluor Co. will post 2.5 EPS 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.

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