Legato Capital Management LLC Makes New $398,000 Investment in Fluor Co. (NYSE:FLR)

Legato Capital Management LLC purchased a new position in Fluor Co. (NYSE:FLRFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,165 shares of the construction company’s stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLR. BKM Wealth Management LLC bought a new position in shares of Fluor during the 4th quarter valued at approximately $34,000. Carmel Capital Partners LLC bought a new position in shares of Fluor during the 3rd quarter valued at approximately $37,000. First Horizon Advisors Inc. boosted its position in shares of Fluor by 2,324.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,188 shares of the construction company’s stock valued at $37,000 after acquiring an additional 1,139 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Fluor by 32.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company’s stock valued at $55,000 after acquiring an additional 371 shares during the last quarter. Finally, Atlas Capital Advisors LLC boosted its position in shares of Fluor by 665.0% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock valued at $45,000 after acquiring an additional 1,596 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research reports. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Citigroup increased their price target on Fluor from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Truist Financial restated a “buy” rating and set a $46.00 price target on shares of Fluor in a report on Monday. Finally, KeyCorp began coverage on Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.83.

Check Out Our Latest Stock Report on FLR

Fluor Stock Performance

Shares of Fluor stock opened at $40.74 on Tuesday. The firm has a market cap of $6.93 billion, a P/E ratio of 72.75, a P/E/G ratio of 3.26 and a beta of 2.11. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. Fluor Co. has a 12 month low of $25.69 and a 12 month high of $43.24. The stock’s fifty day moving average price is $38.39 and its 200-day moving average price is $37.46.

Fluor (NYSE:FLRGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities research analysts expect that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Fluor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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