Level Four Advisory Services LLC Buys Shares of 20,325 Fluor Co. (NYSE:FLR)

Level Four Advisory Services LLC purchased a new position in Fluor Co. (NYSE:FLRFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,325 shares of the construction company’s stock, valued at approximately $796,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its position in Fluor by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock valued at $653,546,000 after acquiring an additional 243,371 shares during the last quarter. Vanguard Group Inc. increased its stake in Fluor by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,390,483 shares of the construction company’s stock worth $528,131,000 after buying an additional 106,478 shares during the period. Victory Capital Management Inc. lifted its holdings in Fluor by 12.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock valued at $72,494,000 after buying an additional 220,962 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Fluor by 13.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,056 shares of the construction company’s stock valued at $57,974,000 after buying an additional 177,907 shares during the period. Finally, Artemis Investment Management LLP grew its stake in Fluor by 35.9% in the 4th quarter. Artemis Investment Management LLP now owns 737,976 shares of the construction company’s stock worth $28,907,000 after acquiring an additional 194,873 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research reports. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Citigroup increased their price target on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Robert W. Baird lifted their price objective on Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $47.00 price objective (up from $46.00) on shares of Fluor in a research note on Monday, May 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.00.

Get Our Latest Analysis on FLR

Fluor Trading Up 0.2 %

FLR opened at $38.35 on Monday. Fluor Co. has a 12 month low of $26.24 and a 12 month high of $43.24. The stock has a fifty day moving average price of $40.12 and a 200-day moving average price of $38.75. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 3.02 and a beta of 2.11. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLRGet Free Report) last announced its earnings results on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Fluor Co. will post 2.86 earnings per share for the current fiscal year.

Fluor Profile

(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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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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