Jacobs Levy Equity Management Inc. Acquires 53,089 Shares of Fluor Co. (NYSE:FLR)

Jacobs Levy Equity Management Inc. raised its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,026,842 shares of the construction company's stock after acquiring an additional 53,089 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.60% of Fluor worth $50,644,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after purchasing an additional 408 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Fluor during the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Fluor during the fourth quarter valued at approximately $57,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after purchasing an additional 1,388 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FLR shares. DA Davidson lowered their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. StockNews.com lowered shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. 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 report on Friday, April 25th. Robert W. Baird set a $41.00 price objective on shares of Fluor in a report on Monday, May 5th. Finally, Truist Financial boosted their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Fluor has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

Fluor Stock Performance

FLR traded down $0.05 during mid-day trading on Friday, reaching $38.48. 2,258,361 shares of the company traded hands, compared to its average volume of 2,283,731. The stock has a market capitalization 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 company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The company's fifty day moving average price is $35.48 and its 200-day moving average price is $44.31. Fluor Co. has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced 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. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. On average, sell-side analysts expect that Fluor Co. will post 2.5 EPS for the current year.

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.