GLOBALT Investments LLC GA Buys 1,070 Shares of Fluor Co. (NYSE:FLR)

GLOBALT Investments LLC GA raised its stake in shares of Fluor Co. (NYSE:FLR) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,118 shares of the construction company’s stock after acquiring an additional 1,070 shares during the period. GLOBALT Investments LLC GA’s holdings in Fluor were worth $2,127,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Fluor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after purchasing an additional 51,018 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after purchasing an additional 457,220 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Fluor by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after purchasing an additional 9,789 shares during the period. Artemis Investment Management LLP raised its stake in shares of Fluor by 49.1% during the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after purchasing an additional 412,312 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in shares of Fluor by 13.1% during the 4th quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after purchasing an additional 120,800 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 5.4 %

FLR stock opened at $36.84 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $6.22 billion, a PE ratio of 3.02, a PEG ratio of 1.36 and a beta of 1.73. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10. The stock has a 50-day simple moving average of $44.41 and a two-hundred day simple moving average of $48.75.

Fluor (NYSE:FLR) last posted its 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). 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%. On average, equities analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

FLR has been the topic of a number of research reports. Citigroup lowered their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. DA Davidson lowered 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. Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, KeyCorp boosted their price objective on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.