Lisanti Capital Growth LLC Increases Stake in Fluor Co. (NYSE:FLR)

Lisanti Capital Growth LLC increased its holdings in shares of Fluor Co. (NYSE:FLR) by 13.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,960 shares of the construction company’s stock after purchasing an additional 14,805 shares during the quarter. Fluor makes up approximately 1.3% of Lisanti Capital Growth LLC’s portfolio, making the stock its 26th biggest position. Lisanti Capital Growth LLC’s holdings in Fluor were worth $5,199,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLR. GAMMA Investing LLC purchased a new stake in Fluor in the fourth quarter valued at approximately $27,000. Rise Advisors LLC purchased a new stake in Fluor in the first quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in Fluor in the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fluor in the fourth quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Fluor in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

FLR stock traded up $1.09 on Friday, reaching $47.64. 2,304,233 shares of the company’s stock were exchanged, compared to its average volume of 1,521,912. The stock has a fifty day moving average of $42.66 and a 200-day moving average of $40.38. Fluor Co. has a twelve month low of $29.94 and a twelve month high of $48.47. The firm has a market cap of $8.16 billion, a PE ratio of 27.67, a P/E/G ratio of 2.52 and a beta of 1.99. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the company earned $0.28 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, equities analysts predict that Fluor Co. will post 2.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research reports. Truist Financial boosted their price objective on Fluor from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Robert W. Baird boosted their target price on Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Citigroup boosted their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.17.

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.