Xponance Inc. Increases Stock Holdings in Fluor Co. (NYSE:FLR)

Xponance Inc. increased its holdings in Fluor Co. (NYSE:FLR) by 12.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,200 shares of the construction company’s stock after purchasing an additional 2,543 shares during the period. Xponance Inc.’s holdings in Fluor were worth $909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Insight Wealth Strategies LLC purchased a new stake in shares of Fluor in the fourth quarter valued at $1,020,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Fluor by 385.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,948 shares of the construction company’s stock valued at $6,934,000 after acquiring an additional 149,990 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Fluor by 36.7% in the third quarter. New York State Common Retirement Fund now owns 143,359 shares of the construction company’s stock valued at $5,261,000 after acquiring an additional 38,496 shares during the last quarter. Mackay Shields LLC acquired a new position in Fluor in the third quarter valued at $31,143,000. Finally, Hsbc Holdings PLC boosted its holdings in Fluor by 33.9% in the third quarter. Hsbc Holdings PLC now owns 234,376 shares of the construction company’s stock valued at $8,579,000 after acquiring an additional 59,283 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Up 0.8 %

Shares of NYSE FLR opened at $40.64 on Friday. Fluor Co. has a 1 year low of $25.69 and a 1 year high of $43.24. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 72.57, a PEG ratio of 3.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $39.47 and its 200-day simple moving average is $38.25.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The business 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 company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. As a group, equities analysts anticipate that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup boosted their price objective on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday. KeyCorp assumed coverage on Fluor in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Truist Financial restated a “buy” rating and set a $46.00 price objective on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet cut Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fluor presently has a consensus rating of “Hold” and an average price target of $43.17.

Fluor Company 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.