Alps Advisors Inc. Grows Stock Holdings in Fluor Corporation $FLR

Alps Advisors Inc. grew its holdings in shares of Fluor Corporation (NYSE:FLR) by 132.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,161 shares of the construction company’s stock after purchasing an additional 12,068 shares during the quarter. Alps Advisors Inc.’s holdings in Fluor were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLR. MTM Investment Management LLC bought a new stake in Fluor during the second quarter valued at approximately $26,000. IFP Advisors Inc purchased a new position in shares of Fluor during the 2nd quarter worth $27,000. Hantz Financial Services Inc. grew its position in shares of Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after acquiring an additional 566 shares during the period. CoreCap Advisors LLC increased its stake in shares of Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Fluor in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FLR shares. DA Davidson boosted their price target on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. UBS Group lowered their price objective on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Truist Financial increased their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.57.

Fluor Trading Down 3.4%

Shares of FLR stock opened at $45.73 on Friday. The company has a market cap of $7.37 billion, a PE ratio of 2.33, a price-to-earnings-growth ratio of 6.89 and a beta of 1.37. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The stock’s 50 day simple moving average is $43.88 and its two-hundred day simple moving average is $44.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.