WINTON GROUP Ltd Takes $2.23 Million Position in Fluor Co. (NYSE:FLR)

WINTON GROUP Ltd acquired a new stake in shares of Fluor Co. (NYSE:FLR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 45,299 shares of the construction company’s stock, valued at approximately $2,234,000.

Several other large investors also recently added to or reduced their stakes in the stock. Cookson Peirce & Co. Inc. bought a new stake in Fluor during the 4th quarter valued at $24,849,000. Artemis Investment Management LLP raised its holdings in shares of Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after acquiring an additional 412,312 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Fluor in the fourth quarter worth about $13,130,000. Principal Financial Group Inc. grew its holdings in Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock worth $41,077,000 after acquiring an additional 254,904 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Fluor during the 3rd quarter valued at about $9,542,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp increased their target price on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Truist Financial reduced their price target on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Trading Down 1.6 %

Shares of NYSE:FLR opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market capitalization of $6.24 billion, a P/E ratio of 3.05, a P/E/G ratio of 1.36 and a beta of 1.73. The business’s 50-day moving average is $42.33 and its 200 day moving average is $48.12. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10.

Fluor (NYSE:FLR) last posted 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). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, research analysts predict that Fluor Co. will post 2.5 earnings per share 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.