Envestnet Asset Management Inc. Has $4.92 Million Stake in Fluor Co. (NYSE:FLR)

Envestnet Asset Management Inc. lifted its position in shares of Fluor Co. (NYSE:FLR) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,684 shares of the construction company’s stock after buying an additional 13,104 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Fluor worth $4,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Fluor in the 3rd quarter worth about $598,000. Sanctuary Advisors LLC increased its holdings in Fluor by 18.2% in the third quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company’s stock worth $278,000 after purchasing an additional 897 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Fluor in the third quarter valued at approximately $96,000. Cim Investment Management Inc. bought a new position in shares of Fluor during the 3rd quarter worth approximately $391,000. Finally, Birmingham Capital Management Co. Inc. AL acquired a new stake in shares of Fluor during the 3rd quarter worth approximately $202,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FLR shares. KeyCorp decreased their price target on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Citigroup decreased their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Truist Financial cut their target price on Fluor from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and an average target price of $49.43.

Fluor Trading Up 2.6 %

NYSE:FLR opened at $33.87 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 2.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The firm has a 50-day moving average price of $36.13 and a two-hundred day moving average price of $46.34. Fluor Co. has a 52 week low of $29.20 and a 52 week high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal 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.