Fluor Co. (NYSE:FLR) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in shares of Fluor Co. (NYSE:FLR) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,800 shares of the construction company’s stock after acquiring an additional 20,075 shares during the period. NEOS Investment Management LLC owned about 0.06% of Fluor worth $5,317,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Fluor in the fourth quarter valued at $33,000. Smartleaf Asset Management LLC boosted 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 valued at $47,000 after acquiring an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Fluor during the 4th quarter worth about $57,000. Finally, Quarry LP raised its stake in Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FLR. DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Truist Financial lowered their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Citigroup reduced their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Fluor has an average rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Stock Performance

Shares of NYSE:FLR opened at $37.15 on Friday. The business has a 50-day moving average of $42.33 and a two-hundred day moving average of $48.12. The firm has a market capitalization of $6.24 billion, a PE ratio of 3.05, a P/E/G ratio of 1.36 and a beta of 1.73. 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 12 month low of $34.01 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly 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). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. As a group, research analysts forecast that Fluor Co. will post 2.5 earnings per share 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.