Fluor Co. (NYSE:FLR) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,930 shares of the construction company's stock after buying an additional 9,399 shares during the quarter. Advisors Asset Management Inc. owned 0.05% of Fluor worth $4,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLR. Versant Capital Management Inc raised its stake in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after acquiring an additional 527 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Fluor in the 4th quarter valued at about $33,000. Smartleaf Asset Management LLC boosted its stake in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares during the period. Quarry LP grew its position in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after buying an additional 942 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock worth $77,000 after buying an additional 1,388 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Fluor Stock Performance

Shares of FLR stock traded down $0.14 during mid-day trading on Tuesday, hitting $38.78. 1,773,602 shares of the stock were exchanged, compared to its average volume of 1,993,143. Fluor Co. has a 12-month low of $34.01 and a 12-month high of $60.10. 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 stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 3.18, a P/E/G ratio of 1.36 and a beta of 1.73. The stock's fifty day simple moving average is $43.01 and its two-hundred day simple moving average is $48.30.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. On average, analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Analyst Ratings Changes

FLR has been the subject of a number of recent research reports. Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. DA Davidson decreased their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Robert W. Baird dropped their target price on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial lowered their price objective on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.71.

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.