Tennessee Valley Asset Management Partners Invests $36,000 in Fluor Co. (NYSE:FLR)

Tennessee Valley Asset Management Partners acquired a new position in Fluor Co. (NYSE:FLR) in the fourth quarter, HoldingsChannel reports. The firm acquired 930 shares of the construction company’s stock, valued at approximately $36,000.

Other hedge funds have also recently made changes to their positions in the company. Insight Wealth Strategies LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $1,020,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Fluor by 385.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,948 shares of the construction company’s stock worth $6,934,000 after acquiring an additional 149,990 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Fluor by 36.7% in the 3rd quarter. New York State Common Retirement Fund now owns 143,359 shares of the construction company’s stock worth $5,261,000 after acquiring an additional 38,496 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Fluor in the 3rd quarter worth approximately $31,143,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Fluor by 33.9% in the 3rd quarter. Hsbc Holdings PLC now owns 234,376 shares of the construction company’s stock worth $8,579,000 after acquiring an additional 59,283 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 2.4 %

Shares of Fluor stock opened at $40.40 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $39.54 and its two-hundred day simple moving average is $38.22. The company has a market cap of $6.87 billion, a P/E ratio of 72.14, a PEG ratio of 3.11 and a beta of 2.12. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Research analysts anticipate that Fluor Co. will post 2.84 EPS for the current year.

Analyst Upgrades and Downgrades

FLR has been the topic of several analyst reports. KeyCorp initiated coverage on shares of Fluor in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Citigroup lifted their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday. Truist Financial reaffirmed a “buy” rating and issued a $46.00 target price on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet downgraded shares of 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.17.

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.