GAMMA Investing LLC Invests $27,000 in Fluor Co. (NYSE:FLR)

GAMMA Investing LLC bought a new position in Fluor Co. (NYSE:FLR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 727 shares of the construction company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FLR. CWM LLC boosted its holdings in shares of Fluor by 182.4% in the 4th quarter. CWM LLC now owns 1,717 shares of the construction company’s stock valued at $67,000 after buying an additional 1,109 shares during the period. Signaturefd LLC boosted its holdings in shares of Fluor by 13.7% in the 4th quarter. Signaturefd LLC now owns 6,885 shares of the construction company’s stock valued at $270,000 after buying an additional 829 shares during the period. Xponance Inc. boosted its holdings in shares of Fluor by 12.3% in the 4th quarter. Xponance Inc. now owns 23,200 shares of the construction company’s stock valued at $909,000 after buying an additional 2,543 shares during the period. AIA Group Ltd acquired a new position in shares of Fluor in the 4th quarter valued at about $1,402,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Fluor by 18.3% in the 4th quarter. Federated Hermes Inc. now owns 40,865 shares of the construction company’s stock valued at $1,601,000 after buying an additional 6,314 shares during the period. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 0.4 %

Shares of NYSE:FLR opened at $39.04 on Tuesday. The company has a 50 day moving average of $39.73 and a 200-day moving average of $38.42. The firm has a market cap of $6.64 billion, a P/E ratio of 22.70, a P/E/G ratio of 3.08 and a beta of 2.11. Fluor Co. has a twelve month low of $25.69 and a twelve month high of $43.24. The company has a current ratio of 1.67, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4 billion. Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, analysts anticipate that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FLR. Robert W. Baird lifted their price target on shares of Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday. Citigroup boosted their target price on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. KeyCorp assumed coverage on shares of Fluor in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Truist Financial reissued a “buy” rating and set a $47.00 target price (up from $46.00) on shares of Fluor in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of “Hold” and an average price target of $44.00.

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.