Yousif Capital Management LLC Acquires 10,975 Shares of Fluor Co. (NYSE:FLR)

Yousif Capital Management LLC lifted its holdings in shares of Fluor Co. (NYSE:FLR) by 17.8% in the 4th quarter, HoldingsChannel reports. The fund owned 72,570 shares of the construction company’s stock after purchasing an additional 10,975 shares during the period. Yousif Capital Management LLC’s holdings in Fluor were worth $2,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Insight Wealth Strategies LLC bought a new stake in Fluor during the 4th quarter worth approximately $1,020,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Fluor by 385.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,948 shares of the construction company’s stock valued at $6,934,000 after buying an additional 149,990 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Fluor by 36.7% during the 3rd quarter. New York State Common Retirement Fund now owns 143,359 shares of the construction company’s stock worth $5,261,000 after acquiring an additional 38,496 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Fluor in the 3rd quarter worth $31,143,000. Finally, Hsbc Holdings PLC raised its holdings in shares of 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 purchasing an additional 59,283 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR opened at $40.95 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $6.97 billion, a PE ratio of 73.13, a PEG ratio of 3.24 and a beta of 2.12. Fluor Co. has a 1 year low of $25.69 and a 1 year high of $43.24. The stock’s fifty day moving average price is $39.44 and its two-hundred day moving average price is $38.29.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Fluor Co. will post 2.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLR. TheStreet downgraded shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. KeyCorp started coverage on Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Truist Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Fluor in a research report on Monday, March 25th. Finally, Citigroup raised their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.17.

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.