Fluor Co. (NYSE:FLR) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance raised its position in Fluor Co. (NYSE:FLR) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,849 shares of the construction company’s stock after acquiring an additional 739 shares during the quarter. Independent Advisor Alliance’s holdings in Fluor were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc increased 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 purchasing an additional 527 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Fluor in the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its stake in Fluor by 43.0% during 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 increased its stake in Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after buying an additional 942 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Fluor by 826.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research note on Monday. 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 note on Wednesday, February 19th. Truist Financial lowered their target price on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird lowered 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. Three equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Trading Up 5.4 %

Fluor stock opened at $36.84 on Monday. The company’s fifty day simple moving average is $44.41 and its 200-day simple moving average is $48.75. 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 Co. has a 12 month low of $34.01 and a 12 month high of $60.10. The stock has a market cap of $6.22 billion, a P/E ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last posted 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 company had revenue of $4.26 billion for 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%. As a group, sell-side analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

About Fluor

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.