Paradoxiom Capital L.P. bought a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 182,880 shares of the construction company's stock, valued at approximately $9,020,000. Fluor accounts for about 3.7% of Paradoxiom Capital L.P.'s holdings, making the stock its 14th biggest holding. Paradoxiom Capital L.P. owned 0.11% of Fluor as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Fluor by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,172 shares of the construction company's stock valued at $4,793,000 after purchasing an additional 3,676 shares during the period. Interval Partners LP acquired a new stake in Fluor in the fourth quarter valued at approximately $775,000. Jacobs Levy Equity Management Inc. raised its holdings in Fluor by 5.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,026,842 shares of the construction company's stock valued at $50,644,000 after acquiring an additional 53,089 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Fluor in the fourth quarter valued at approximately $2,244,000. Finally, Empyrean Capital Partners LP acquired a new stake in Fluor in the fourth quarter valued at approximately $9,124,000. Hedge funds and other institutional investors own 88.07% of the company's stock.
Fluor Stock Performance
Shares of Fluor stock traded down $0.05 during trading on Friday, reaching $38.48. The company's stock had a trading volume of 2,258,361 shares, compared to its average volume of 2,277,871. The company has a 50-day moving average price of $35.48 and a two-hundred day moving average price of $44.37. The firm has a market cap of $6.34 billion, a PE ratio of 3.16, a P/E/G ratio of 1.36 and a beta of 1.24. 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.
Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. On average, analysts forecast that Fluor Co. will post 2.5 EPS for the current year.
Wall Street Analyst Weigh In
FLR has been the topic of several analyst reports. Barclays set a $40.00 target price on shares of Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Robert W. Baird set a $41.00 target price on shares of Fluor in a report on Monday, May 5th. Truist Financial raised 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. StockNews.com cut shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, UBS Group cut their price objective on shares of Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.43.
Check Out Our Latest Stock Report on FLR
Fluor Company Profile
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Free Report)
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.
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