Truvestments Capital LLC Purchases 4,616 Shares of Fluor Co. (NYSE:FLR)

Truvestments Capital LLC increased its position in Fluor Co. (NYSE:FLR) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,373 shares of the construction company’s stock after purchasing an additional 4,616 shares during the period. Truvestments Capital LLC’s holdings in Fluor were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in Fluor by 4.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,510 shares of the construction company’s stock valued at $406,000 after acquiring an additional 381 shares during the period. Los Angeles Capital Management LLC lifted its stake in Fluor by 139.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock valued at $819,000 after acquiring an additional 9,992 shares during the period. Wolverine Asset Management LLC lifted its stake in Fluor by 5.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 9,000 shares of the construction company’s stock valued at $429,000 after acquiring an additional 500 shares during the period. Versor Investments LP bought a new position in Fluor during the 3rd quarter valued at about $1,069,000. Finally, MQS Management LLC bought a new position in Fluor during the 3rd quarter valued at about $289,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. DA Davidson lowered their price objective 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. Citigroup lowered their price objective 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, StockNews.com lowered shares of Fluor from a “buy” rating to a “hold” rating in a report on Sunday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Trading Up 3.9 %

Shares of FLR opened at $35.62 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. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10. The company has a 50 day simple moving average of $45.25 and a two-hundred day simple moving average of $49.04. The firm has a market cap of $6.01 billion, a P/E ratio of 2.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.

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