Cwm LLC Acquires 1,109 Shares of Fluor Co. (NYSE:FLR)

Cwm LLC lifted its position in Fluor Co. (NYSE:FLR) by 182.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,717 shares of the construction company’s stock after buying an additional 1,109 shares during the quarter. Cwm LLC’s holdings in Fluor were worth $67,000 at the end of the most recent reporting period.

Other large investors have also 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 about $1,020,000. Connor Clark & Lunn Investment Management Ltd. grew 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 purchasing an additional 149,990 shares during the last quarter. New York State Common Retirement Fund grew 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 purchasing an additional 38,496 shares during the last quarter. Hsbc Holdings PLC grew 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 purchasing an additional 59,283 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Fluor by 13.1% in the 3rd quarter. Deutsche Bank AG now owns 84,608 shares of the construction company’s stock worth $3,105,000 after purchasing an additional 9,797 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

FLR has been the topic of several research reports. KeyCorp initiated coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Truist Financial reiterated a “buy” rating and set a $47.00 price target (up previously from $46.00) on shares of Fluor in a research report on Monday. TheStreet downgraded shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Citigroup upped their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Robert W. Baird upped their price target on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor has an average rating of “Hold” and an average price target of $44.00.

Fluor Stock Performance

Fluor stock opened at $38.33 on Thursday. 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 Co. has a 1 year low of $25.69 and a 1 year high of $43.24. The company has a market cap of $6.52 billion, a PE ratio of 22.28, a PEG ratio of 3.08 and a beta of 2.11. The company’s 50-day moving average is $39.89 and its two-hundred day moving average is $38.47.

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 business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities analysts anticipate that Fluor Co. will post 2.84 earnings per share for the current 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.