MGO One Seven LLC Makes New Investment in Fluor Co. (NYSE:FLR)

MGO One Seven LLC bought a new stake in Fluor Co. (NYSE:FLR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,081 shares of the construction company’s stock, valued at approximately $793,000.

A number of other large investors also recently made changes to their positions in FLR. Yaupon Capital Management LP purchased a new stake in Fluor in the 4th quarter valued at about $26,353,000. Clearbridge Investments LLC bought a new stake in Fluor during the fourth quarter worth $25,056,000. Cookson Peirce & Co. Inc. purchased a new position in Fluor in the fourth quarter worth $24,849,000. Artemis Investment Management LLP grew its stake in Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after purchasing an additional 412,312 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Fluor by 232.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 387,671 shares of the construction company’s stock valued at $19,121,000 after purchasing an additional 271,194 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup cut their price target on shares of Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird dropped their target price on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. KeyCorp decreased their price target on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Finally, Truist Financial decreased their target price on Fluor from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.57.

Fluor Stock Down 0.2 %

FLR opened at $35.54 on Friday. The company has a 50 day moving average of $35.72 and a 200 day moving average of $46.02. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a market cap of $5.97 billion, a PE ratio of 2.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. On average, sell-side analysts expect that Fluor Co. will post 2.5 EPS for the current 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.