Proficio Capital Partners LLC purchased a new stake in Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,332 shares of the construction company's stock, valued at approximately $2,926,000.
A number of other institutional investors have also recently modified their holdings of FLR. State of Alaska Department of Revenue boosted its stake in shares of Fluor by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 19,834 shares of the construction company's stock valued at $946,000 after buying an additional 1,350 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in shares of Fluor in the third quarter valued at approximately $202,000. US Bancorp DE boosted its stake in shares of Fluor by 99.6% in the third quarter. US Bancorp DE now owns 33,061 shares of the construction company's stock valued at $1,577,000 after buying an additional 16,499 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Fluor by 42.1% in the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after buying an additional 254,904 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Fluor in the third quarter valued at approximately $300,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. Robert W. Baird decreased their price target on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. KeyCorp lifted their price objective on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Citigroup reduced their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Truist Financial reduced their price objective on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Baird R W cut Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $54.71.
Check Out Our Latest Stock Report on FLR
Fluor Price Performance
Shares of NYSE FLR traded down $0.42 during trading on Friday, reaching $36.16. The company had a trading volume of 3,625,722 shares, compared to its average volume of 3,287,896. Fluor Co. has a twelve month low of $35.10 and a twelve month high of $60.10. The stock has a market capitalization of $6.10 billion, a PE ratio of 2.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The stock has a 50-day moving average price of $45.83 and a two-hundred day moving average price of $49.24. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.
Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. As a group, sell-side analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.
About Fluor
(
Free Report)
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.
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