45,502 Shares in Fluor Co. (NYSE:FLR) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,502 shares of the construction company's stock, valued at approximately $2,244,000.

Several other hedge funds have also recently bought and sold shares of FLR. Empyrean Capital Partners LP bought a new position in shares of Fluor during the fourth quarter worth approximately $9,124,000. Ensign Peak Advisors Inc increased its holdings in shares of Fluor by 5.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 45,824 shares of the construction company's stock worth $2,260,000 after purchasing an additional 2,490 shares during the period. Ethic Inc. bought a new position in shares of Fluor during the fourth quarter worth approximately $247,000. Frontier Capital Management Co. LLC bought a new position in shares of Fluor during the fourth quarter worth approximately $25,117,000. Finally, Concentric Capital Strategies LP bought a new position in shares of Fluor during the fourth quarter worth approximately $1,146,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Fluor stock traded down $0.05 during mid-day trading on Friday, reaching $38.48. The company had a trading volume of 2,258,361 shares, compared to its average volume of 2,283,731. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The company has a market cap of $6.34 billion, a P/E ratio of 3.16, a P/E/G ratio of 1.36 and a beta of 1.24. The business has a fifty day simple moving average of $35.48 and a 200 day simple moving average of $44.31.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share 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 firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FLR shares. Truist Financial raised their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, May 5th. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Robert W. Baird set a $41.00 price objective on shares of Fluor in a research note on Monday, May 5th. Citigroup decreased their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, UBS Group decreased their price objective on shares of Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.43.

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.