NEOS Investment Management LLC Grows Stock Position in Fluor Co. (NYSE:FLR)

NEOS Investment Management LLC grew its position in shares of Fluor Co. (NYSE:FLR) by 22.9% during the fourth quarter, HoldingsChannel reports. The firm owned 107,800 shares of the construction company’s stock after buying an additional 20,075 shares during the period. NEOS Investment Management LLC’s holdings in Fluor were worth $5,317,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after buying an additional 168,822 shares during the period. Geode Capital Management LLC increased its position in shares of Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after acquiring an additional 51,018 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock valued at $51,322,000 after purchasing an additional 120,800 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Fluor by 24.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company’s stock valued at $46,458,000 after purchasing an additional 193,071 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Trading Down 1.6 %

Shares of NYSE FLR opened at $37.15 on Friday. Fluor Co. has a 12-month low of $34.01 and a 12-month high of $60.10. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 3.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. 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 stock’s 50 day simple moving average is $42.33 and its 200 day simple moving average is $48.12.

Fluor (NYSE:FLR) last posted 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 firm 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%. Equities research analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on FLR. Robert W. Baird reduced their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Truist Financial reduced their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp lifted their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

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.