Fluor Co. (NYSE:FLR) Shares Purchased by Decade Renewable Partners LP

Decade Renewable Partners LP lifted its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 737.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,788 shares of the construction company's stock after purchasing an additional 155,688 shares during the period. Fluor makes up about 4.3% of Decade Renewable Partners LP's holdings, making the stock its 10th biggest position. Decade Renewable Partners LP owned 0.10% of Fluor worth $8,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FLR. Cornerstone Wealth Management LLC acquired a new position in shares of Fluor in the fourth quarter worth about $484,000. Quantbot Technologies LP purchased a new position in Fluor during the 4th quarter worth approximately $3,667,000. Exchange Traded Concepts LLC lifted its holdings in shares of Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock valued at $2,151,000 after purchasing an additional 32,472 shares in the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Fluor in the fourth quarter worth $1,131,000. Finally, LPL Financial LLC grew its holdings in shares of Fluor by 19.3% during the fourth 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. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Performance

Shares of FLR stock traded up $0.06 during trading on Friday, reaching $35.84. The company had a trading volume of 5,549,398 shares, compared to its average volume of 2,230,346. The company has a market capitalization of $6.02 billion, a PE ratio of 2.94, a PEG ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm's 50 day simple moving average is $35.43 and its two-hundred day simple moving average is $45.52. Fluor Co. has a one year low of $29.20 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $0.47 EPS. Fluor's revenue was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that Fluor Co. will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on FLR shares. DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. UBS Group lowered their price objective on shares of Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their target price on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Citigroup lowered their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, KeyCorp reduced their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Fluor currently has a consensus rating of "Moderate Buy" and a consensus 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.