Advisory Services Network LLC Invests $183,000 in Fluor Co. (NYSE:FLR)

Advisory Services Network LLC purchased a new position in shares of Fluor Co. (NYSE:FLRFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,664 shares of the construction company’s stock, valued at approximately $183,000.

Several other large investors have also modified their holdings of the stock. US Bancorp DE raised its stake in shares of Fluor by 20.7% during the fourth quarter. US Bancorp DE now owns 19,068 shares of the construction company’s stock worth $747,000 after purchasing an additional 3,267 shares during the last quarter. King Luther Capital Management Corp raised its position in Fluor by 84.2% in the fourth quarter. King Luther Capital Management Corp now owns 637,150 shares of the construction company’s stock worth $24,957,000 after acquiring an additional 291,210 shares in the last quarter. Trexquant Investment LP raised its position in Fluor by 557.2% in the fourth quarter. Trexquant Investment LP now owns 69,666 shares of the construction company’s stock worth $2,729,000 after acquiring an additional 59,066 shares in the last quarter. Corient Private Wealth LLC raised its position in Fluor by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 18,511 shares of the construction company’s stock worth $725,000 after acquiring an additional 992 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Fluor in the fourth quarter worth $212,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Down 0.5 %

FLR opened at $44.34 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. The firm has a market cap of $7.59 billion, a P/E ratio of 25.78, a PEG ratio of 2.33 and a beta of 2.03. Fluor Co. has a 52 week low of $27.95 and a 52 week high of $44.89. The business’s fifty day simple moving average is $40.76 and its 200 day simple moving average is $39.30.

Fluor (NYSE:FLRGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The company 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 firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities research analysts anticipate that Fluor Co. will post 2.86 EPS for the current fiscal year.

Analyst Ratings Changes

FLR has been the subject of several research analyst reports. Citigroup increased their price objective on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Truist Financial reissued a “buy” rating and issued a $47.00 target price (up previously from $46.00) on shares of Fluor in a report on Monday, May 6th. Robert W. Baird upped their target price on Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, TheStreet lowered Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.00.

Read Our Latest Analysis on FLR

About Fluor

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Co. (NYSE:FLRFree Report).

Institutional Ownership by Quarter for Fluor (NYSE:FLR)

Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.