Interval Partners LP Makes New $775,000 Investment in Fluor Co. (NYSE:FLR)

Interval Partners LP purchased a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,720 shares of the construction company's stock, valued at approximately $775,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock worth $872,871,000 after acquiring an additional 168,822 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Fluor by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock valued at $152,596,000 after acquiring an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Fluor by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock worth $124,087,000 after purchasing an additional 25,528 shares during the last quarter. Northern Trust Corp boosted its holdings in Fluor by 12.9% in the fourth quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock worth $117,971,000 after purchasing an additional 273,156 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after purchasing an additional 1,523,647 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

Fluor stock traded down $0.05 on Friday, reaching $38.48. The company's stock had a trading volume of 2,258,361 shares, compared to its average volume of 2,273,693. The business's fifty day moving average price is $35.42 and its 200 day moving average price is $44.47. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 3.16, a PEG ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10.

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, topping analysts' consensus estimates of $0.50 by $0.23. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. Equities analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com downgraded Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. UBS Group dropped their price target 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. 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 reduced their price target 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, Citigroup decreased their target price 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.43.

About Fluor

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.