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

Lisanti Capital Growth LLC lifted its stake in Fluor Co. (NYSE:FLR) by 100.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,155 shares of the construction company’s stock after buying an additional 54,245 shares during the quarter. Lisanti Capital Growth LLC owned approximately 0.06% of Fluor worth $4,236,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Insight Wealth Strategies LLC purchased a new position in shares of Fluor in the fourth quarter valued at approximately $1,020,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 in the last quarter. New York State Common Retirement Fund lifted its position in shares of 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 in the last quarter. Hsbc Holdings PLC lifted its position 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 acquiring an additional 59,283 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Fluor by 13.1% in the third quarter. Deutsche Bank AG now owns 84,608 shares of the construction company’s stock valued at $3,105,000 after purchasing an additional 9,797 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FLR. Truist Financial reaffirmed a “buy” rating and issued a $47.00 price target (up previously from $46.00) on shares of Fluor in a report on Monday. Citigroup raised their target price on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. KeyCorp initiated coverage on Fluor in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Robert W. Baird lifted their price objective on Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday. Finally, TheStreet cut Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Fluor Stock Up 0.4 %

NYSE:FLR traded up $0.14 during midday trading on Monday, reaching $39.04. The company had a trading volume of 1,678,755 shares, compared to its average volume of 1,576,433. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.08 and a beta of 2.11. The stock’s fifty day simple moving average is $39.73 and its 200-day simple moving average is $38.42. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. The company has a current ratio of 1.67, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. On average, sell-side analysts anticipate that Fluor Co. will post 2.84 earnings per share for the current fiscal 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.