Tema Etfs LLC Acquires New Stake in Fluor Co. (NYSE:FLR)

Tema Etfs LLC acquired a new position in Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 107,800 shares of the construction company's stock, valued at approximately $5,317,000. Fluor accounts for approximately 2.2% of Tema Etfs LLC's portfolio, making the stock its 12th largest holding. Tema Etfs LLC owned 0.06% of Fluor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC bought a new position in Fluor during the 4th quarter valued at about $484,000. Quantbot Technologies LP purchased a new stake in Fluor in the fourth quarter worth $3,667,000. Exchange Traded Concepts LLC lifted its position in shares of Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after purchasing an additional 32,472 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Fluor in the fourth quarter worth about $1,131,000. Finally, LPL Financial LLC lifted its holdings in Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after buying an additional 19,161 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Price Performance

FLR stock traded up $2.66 during mid-day trading on Friday, reaching $40.24. 3,321,069 shares of the company's stock were exchanged, compared to its average volume of 2,302,466. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 3.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. Fluor Co. has a 12-month low of $29.20 and a 12-month high of $60.10. The stock's 50 day moving average is $35.62 and its 200 day moving average is $43.96. 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 released 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 business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the business posted $0.47 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

FLR has been the topic of several research reports. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. KeyCorp lowered their price target on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Citigroup decreased their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird set a $41.00 price objective on shares of Fluor in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

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.