Amalgamated Bank Boosts Stock Position in Fluor Co. (NYSE:FLR)

Amalgamated Bank raised its stake in Fluor Co. (NYSE:FLR) by 14.4% during the 4th quarter, HoldingsChannel reports. The firm owned 104,001 shares of the construction company’s stock after acquiring an additional 13,092 shares during the period. Amalgamated Bank’s holdings in Fluor were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC acquired a new position in Fluor in the 4th quarter valued at $27,000. BKM Wealth Management LLC acquired a new position in shares of Fluor during the fourth quarter worth about $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in Fluor during the fourth quarter worth about $34,000. Tennessee Valley Asset Management Partners acquired a new stake in Fluor in the fourth quarter valued at about $36,000. Finally, Carmel Capital Partners LLC acquired a new position in Fluor during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Fluor Trading Down 0.5 %

Shares of Fluor stock opened at $38.33 on Thursday. Fluor Co. has a 1 year low of $25.69 and a 1 year high of $43.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.60. The business has a 50 day moving average price of $39.89 and a 200 day moving average price of $38.47. The company has a market capitalization of $6.52 billion, a P/E ratio of 22.28, a P/E/G ratio of 3.08 and a beta of 2.11.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. Sell-side analysts anticipate that Fluor Co. will post 2.84 EPS for the current fiscal year.

Fluor Company 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.