Virtu Financial LLC Purchases 5,005 Shares of Fluor Co. (NYSE:FLR)

Virtu Financial LLC increased its holdings in Fluor Co. (NYSE:FLR) by 39.9% during the 4th quarter, Holdings Channel reports. The firm owned 17,536 shares of the construction company’s stock after buying an additional 5,005 shares during the period. Virtu Financial LLC’s holdings in Fluor were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in shares of Fluor in the 4th quarter worth approximately $3,667,000. 1620 Investment Advisors Inc. bought a new stake in Fluor in the fourth quarter valued at $57,000. Teacher Retirement System of Texas increased its position in Fluor by 124.1% during the 4th quarter. Teacher Retirement System of Texas now owns 50,070 shares of the construction company’s stock valued at $2,469,000 after purchasing an additional 27,723 shares during the period. Xponance Inc. raised its holdings in Fluor by 4.4% in the 4th quarter. Xponance Inc. now owns 24,240 shares of the construction company’s stock worth $1,196,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Fluor by 70.3% in the 4th quarter. Intech Investment Management LLC now owns 118,336 shares of the construction company’s stock worth $5,836,000 after purchasing an additional 48,831 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FLR shares. Truist Financial decreased their price target 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. Robert W. Baird decreased their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Citigroup dropped their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Trading Up 3.7 %

NYSE FLR opened at $39.06 on Tuesday. Fluor Co. has a 12 month low of $34.01 and a 12 month high of $60.10. 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’s fifty day moving average price is $43.01 and its 200-day moving average price is $48.30. The stock has a market cap of $6.56 billion, a P/E ratio of 3.20, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last announced its quarterly earnings data 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 firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. As a group, equities analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

Fluor 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.