O Shaughnessy Asset Management LLC Has $708,000 Holdings in Fluor Co. (NYSE:FLR)

O Shaughnessy Asset Management LLC increased its holdings in shares of Fluor Co. (NYSE:FLR) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,351 shares of the construction company’s stock after purchasing an additional 1,204 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Fluor were worth $708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC bought a new position in shares of Fluor in the 4th quarter valued at about $25,056,000. Level Four Advisory Services LLC grew its stake in Fluor by 52.3% in the fourth quarter. Level Four Advisory Services LLC now owns 8,105 shares of the construction company’s stock valued at $400,000 after purchasing an additional 2,785 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Fluor by 13.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 24,549 shares of the construction company’s stock worth $1,211,000 after purchasing an additional 2,825 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Fluor during the 4th quarter worth approximately $5,228,000. Finally, NEOS Investment Management LLC boosted its holdings in shares of Fluor by 22.9% in the 4th quarter. NEOS Investment Management LLC now owns 107,800 shares of the construction company’s stock valued at $5,317,000 after buying an additional 20,075 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

FLR opened at $30.78 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market capitalization of $5.17 billion, a PE ratio of 2.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The business has a fifty day simple moving average of $39.22 and a 200 day simple moving average of $47.38. Fluor Co. has a 1 year low of $29.20 and a 1 year high of $60.10.

Fluor (NYSE:FLR) last released 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 analyst estimates of $4.42 billion. Research analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial dropped their price target on shares of Fluor from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup cut their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird lowered their price target on Fluor from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. DA Davidson reduced 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. Finally, StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Fluor presently has a consensus rating of “Moderate Buy” and an average price target of $49.43.

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.