Paradoxiom Capital L.P. Invests $9.02 Million in Fluor Co. (NYSE:FLR)

Paradoxiom Capital L.P. acquired a new position in Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 182,880 shares of the construction company's stock, valued at approximately $9,020,000. Fluor makes up about 3.7% of Paradoxiom Capital L.P.'s holdings, making the stock its 14th largest holding. Paradoxiom Capital L.P. owned about 0.11% of Fluor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FLR. Sterling Capital Management LLC increased its stake in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Fluor during the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its position in Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after buying an additional 287 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Fluor during the fourth quarter valued at $57,000. Finally, Venturi Wealth Management LLC increased 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 period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Trading Down 1.2%

NYSE FLR traded down $0.46 on Monday, reaching $38.02. The company had a trading volume of 447,661 shares, compared to its average volume of 2,276,524. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 3.12, a P/E/G ratio of 1.36 and a beta of 1.24. The business has a 50 day moving average of $35.48 and a two-hundred day moving average of $44.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

FLR has been the subject of several research reports. DA Davidson decreased their target price on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. KeyCorp reduced their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Robert W. Baird set a $41.00 price objective on Fluor in a research report on Monday, May 5th. UBS Group lowered their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Citigroup decreased their price target on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.