Graham Capital Management L.P. Invests $2.24 Million in Fluor Co. (NYSE:FLR)

Graham Capital Management L.P. bought a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 45,502 shares of the construction company's stock, valued at approximately $2,244,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Fluor during the 4th quarter worth about $484,000. Quantbot Technologies LP acquired a new stake in Fluor during the fourth quarter worth approximately $3,667,000. Exchange Traded Concepts LLC boosted its holdings 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 acquiring an additional 32,472 shares during the period. Cinctive Capital Management LP acquired a new position in shares of Fluor during the 4th quarter worth approximately $1,131,000. Finally, LPL Financial LLC raised its position in shares of Fluor by 19.3% in 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 own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FLR. Robert W. Baird set a $41.00 price objective on shares of Fluor in a research note on Monday, May 5th. Truist Financial boosted their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. KeyCorp decreased their price target on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. DA Davidson dropped 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. Finally, StockNews.com cut Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.43.

Fluor Price Performance

FLR traded down $0.18 on Thursday, reaching $38.54. The stock had a trading volume of 2,405,396 shares, compared to its average volume of 2,269,205. The firm has a 50-day moving average of $35.34 and a 200-day moving average of $44.57. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 3.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business earned $0.47 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluor Co. will post 2.5 EPS for the current year.

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.