WINTON GROUP Ltd Invests $2.23 Million in Fluor Co. (NYSE:FLR)

WINTON GROUP Ltd purchased a new position in shares of Fluor Co. (NYSE:FLR) in the fourth quarter, Holdings Channel reports. The fund purchased 45,299 shares of the construction company’s stock, valued at approximately $2,234,000.

Other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in Fluor in the 4th quarter worth $1,156,000. Vanguard Group Inc. boosted its position in Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after acquiring an additional 168,822 shares during the last quarter. LPL Financial LLC grew its stake in Fluor by 19.3% during 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 in the last quarter. Fox Run Management L.L.C. purchased a new position in Fluor in the 4th quarter worth approximately $1,027,000. Finally, American Century Companies Inc. boosted its holdings in shares of Fluor by 1.7% during the 4th quarter. American Century Companies Inc. now owns 57,664 shares of the construction company’s stock worth $2,844,000 after purchasing an additional 973 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on FLR. Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. KeyCorp lifted their target price on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Trading Down 1.6 %

Shares of NYSE FLR opened at $37.15 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.24 billion, a PE ratio of 3.05, a PEG ratio of 1.36 and a beta of 1.73. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10. The stock has a fifty day simple moving average of $42.33 and a 200-day simple moving average of $48.12.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. On average, equities 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.