Lisanti Capital Growth LLC Trims Stock Holdings in Fluor Co. (NYSE:FLR)

Lisanti Capital Growth LLC trimmed its holdings in Fluor Co. (NYSE:FLR) by 48.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,941 shares of the construction company’s stock after selling 40,864 shares during the period. Lisanti Capital Growth LLC’s holdings in Fluor were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Fluor in the 4th quarter valued at approximately $13,130,000. Arizona State Retirement System grew its stake in Fluor by 0.8% in the 4th quarter. Arizona State Retirement System now owns 49,711 shares of the construction company’s stock valued at $2,452,000 after buying an additional 418 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Fluor during the 4th quarter valued at $2,926,000. M&T Bank Corp bought a new position in shares of Fluor in the fourth quarter worth $408,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Fluor in the fourth quarter worth $24,849,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLR has been the topic of a number of research analyst reports. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Robert W. Baird dropped their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Saturday, March 1st. KeyCorp lifted their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Truist Financial dropped their price target on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Trading Down 1.7 %

Fluor stock opened at $36.45 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $46.39 and its two-hundred day simple moving average is $49.41. Fluor Co. has a 12 month low of $35.39 and a 12 month high of $60.10. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 2.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, equities analysts predict that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

About Fluor

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.