534,328 Shares in Fluor Co. (NYSE:FLR) Purchased by Yaupon Capital Management LP

Yaupon Capital Management LP purchased a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 534,328 shares of the construction company's stock, valued at approximately $26,353,000. Fluor accounts for about 1.1% of Yaupon Capital Management LP's holdings, making the stock its 23rd biggest holding. Yaupon Capital Management LP owned 0.31% of Fluor as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new position in Fluor during the fourth quarter valued at $484,000. Quantbot Technologies LP bought a new stake in shares of Fluor in the fourth quarter worth about $3,667,000. Exchange Traded Concepts LLC raised its holdings in shares of Fluor by 291.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after acquiring an additional 32,472 shares in the last quarter. Cinctive Capital Management LP bought a new position in Fluor during the fourth quarter valued at $1,131,000. Finally, LPL Financial LLC lifted its holdings in shares of Fluor by 19.3% in the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after acquiring an additional 19,161 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of Fluor stock traded down $0.06 on Friday, reaching $35.54. 2,320,986 shares of the stock were exchanged, compared to its average volume of 2,194,533. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10. The business has a 50 day moving average price of $35.72 and a two-hundred day moving average price of $45.99. 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 firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. KeyCorp lowered 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. Citigroup dropped their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday. UBS Group cut their target price on Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Truist Financial reduced their price target on Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.57.

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.