Murphy & Mullick Capital Management Corp Takes $1.16 Million Position in Fluor Co. (NYSE:FLR)

Murphy & Mullick Capital Management Corp acquired a new position in Fluor Co. (NYSE:FLR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,448 shares of the construction company’s stock, valued at approximately $1,156,000. Fluor comprises approximately 1.1% of Murphy & Mullick Capital Management Corp’s holdings, making the stock its 21st largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Fluor during the 4th quarter worth about $484,000. Exchange Traded Concepts LLC boosted its position in Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 32,472 shares during the period. Quantbot Technologies LP acquired a new position in Fluor during the fourth quarter valued at approximately $3,667,000. Aequim Alternative Investments LP lifted its stake in shares of Fluor by 6.0% in the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after buying an additional 41,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after buying an additional 457,220 shares during the period. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of NYSE FLR opened at $38.78 on Wednesday. Fluor Co. has a one year low of $34.01 and a one year 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 business has a fifty day simple moving average of $42.81 and a 200 day simple moving average of $48.27. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 3.18, a PEG ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 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 the consensus estimate of $4.42 billion. Sell-side analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FLR. 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 report on Wednesday, January 29th. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp lifted their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird cut their target price 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

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.