Commonwealth Equity Services LLC Acquires 19,571 Shares of Fluor Co. (NYSE:FLR)

Commonwealth Equity Services LLC increased its position in Fluor Co. (NYSE:FLR - Free Report) by 21.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 111,974 shares of the construction company's stock after purchasing an additional 19,571 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Fluor worth $5,523,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in Fluor by 0.8% in the 4th quarter. Swiss National Bank now owns 336,900 shares of the construction company's stock valued at $16,616,000 after buying an additional 2,600 shares during the period. Truvestments Capital LLC increased its stake in shares of Fluor by 24.6% in the fourth quarter. Truvestments Capital LLC now owns 23,373 shares of the construction company's stock worth $1,153,000 after acquiring an additional 4,616 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Fluor by 2.8% during the fourth quarter. HighTower Advisors LLC now owns 34,881 shares of the construction company's stock worth $1,720,000 after acquiring an additional 959 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Fluor during the fourth quarter valued at $232,000. Finally, Independent Advisor Alliance increased its position in Fluor by 6.1% in the 4th quarter. Independent Advisor Alliance now owns 12,849 shares of the construction company's stock worth $634,000 after purchasing an additional 739 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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Fluor Stock Performance

Fluor stock traded down $1.02 during trading hours on Wednesday, hitting $37.72. The stock had a trading volume of 2,400,365 shares, compared to its average volume of 3,194,084. Fluor Co. has a fifty-two week low of $34.01 and a fifty-two week high of $60.10. The company has a market cap of $6.34 billion, a PE ratio of 3.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The company has a 50-day moving average of $42.81 and a two-hundred day moving average of $48.27. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR - Get Free Report) last issued its 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). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. On average, equities research analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on FLR. Truist Financial lowered their price target on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. 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. Citigroup reduced their price objective on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. DA Davidson lowered their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.71.

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.