Schonfeld Strategic Advisors LLC Purchases 164,080 Shares of Fluor Co. (NYSE:FLR)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 818.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 184,130 shares of the construction company's stock after purchasing an additional 164,080 shares during the period. Schonfeld Strategic Advisors LLC owned 0.11% of Fluor worth $9,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after acquiring an additional 527 shares during the last quarter. Sterling Capital Management LLC lifted its position in 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 purchasing an additional 408 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Fluor in the 4th quarter valued at about $33,000. Smartleaf Asset Management LLC raised its stake 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 worth $47,000 after buying an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Fluor in the fourth quarter valued at approximately $57,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLR has been the subject of a number of recent analyst reports. Robert W. Baird set a $41.00 price target on Fluor in a research note on Monday. Truist Financial increased 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. Citigroup decreased their price target 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. DA Davidson reduced their target price on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, UBS Group lowered their price target on Fluor from $57.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.57.

Fluor Stock Up 0.4 %

Shares of FLR traded up $0.13 during mid-day trading on Tuesday, hitting $34.55. 495,410 shares of the company's stock were exchanged, compared to its average volume of 2,216,787. 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 52 week low of $29.20 and a 52 week high of $60.10. The company has a market cap of $5.81 billion, a PE ratio of 2.84, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a 50-day simple moving average of $35.36 and a 200 day simple moving average of $45.25.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping 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 company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $0.47 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. On average, research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.