154,978 Shares in Fluor Co. (NYSE:FLR) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in Fluor Co. (NYSE:FLR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 154,978 shares of the construction company’s stock, valued at approximately $7,644,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Fluor by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock valued at $13,049,000 after purchasing an additional 7,242 shares during the period. Captrust Financial Advisors raised its holdings in Fluor by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock valued at $891,000 after buying an additional 329 shares during the period. Benjamin Edwards Inc. acquired a new position in Fluor in the third quarter valued at about $1,161,000. Centiva Capital LP purchased a new position in Fluor during the third quarter worth about $426,000. Finally, HighTower Advisors LLC raised its stake in shares of Fluor by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company’s stock valued at $1,618,000 after acquiring an additional 1,324 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FLR shares. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday. KeyCorp dropped their price objective on Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday. DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Citigroup cut their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial dropped their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.57.

Fluor Stock Down 8.7 %

FLR stock opened at $31.02 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a fifty-two week low of $29.75 and a fifty-two week high of $60.10. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 2.55, a PEG ratio of 1.36 and a beta of 1.66. The company’s 50 day moving average price is $40.18 and its 200 day moving average price is $47.71.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. On average, equities research analysts anticipate that Fluor Co. will post 2.5 EPS 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.