LPL Financial LLC Increases Stock Position in Fluor Co. (NYSE:FLR)

LPL Financial LLC grew its stake in Fluor Co. (NYSE:FLR - Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,652 shares of the construction company's stock after acquiring an additional 19,161 shares during the quarter. LPL Financial LLC owned about 0.07% of Fluor worth $5,852,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of Fluor by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company's stock worth $891,000 after acquiring an additional 329 shares during the last quarter. Centiva Capital LP acquired a new position in Fluor during the third quarter worth $426,000. HighTower Advisors LLC boosted its position in shares of Fluor by 4.1% during the third quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company's stock worth $1,618,000 after buying an additional 1,324 shares during the period. Quarry LP grew its stake in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after buying an additional 942 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Fluor in the 3rd quarter valued at $221,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FLR shares. KeyCorp lowered their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Wednesday, April 2nd. Truist Financial dropped their price target on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, DA Davidson reduced their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Fluor currently has an average rating of "Moderate Buy" and an average price target of $49.43.

Fluor Stock Up 0.7 %

NYSE:FLR traded up $0.24 during trading hours on Friday, hitting $33.31. The company's stock had a trading volume of 3,873,780 shares, compared to its average volume of 2,143,385. Fluor Co. has a 52-week low of $29.20 and a 52-week high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $5.60 billion, a P/E ratio of 2.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The stock has a fifty day moving average of $38.11 and a 200-day moving average of $47.04.

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