1620 Investment Advisors Inc. Invests $57,000 in Fluor Co. (NYSE:FLR)

1620 Investment Advisors Inc. purchased a new position in shares of Fluor Co. (NYSE:FLR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,150 shares of the construction company’s stock, valued at approximately $57,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in Fluor by 124.1% during the 4th quarter. Teacher Retirement System of Texas now owns 50,070 shares of the construction company’s stock worth $2,469,000 after acquiring an additional 27,723 shares during the last quarter. Xponance Inc. boosted its stake in Fluor by 4.4% during the 4th quarter. Xponance Inc. now owns 24,240 shares of the construction company’s stock worth $1,196,000 after acquiring an additional 1,014 shares during the last quarter. Intech Investment Management LLC boosted its stake in Fluor by 70.3% during the 4th quarter. Intech Investment Management LLC now owns 118,336 shares of the construction company’s stock worth $5,836,000 after acquiring an additional 48,831 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Fluor by 12.1% during the 4th quarter. Advisors Asset Management Inc. now owns 86,930 shares of the construction company’s stock worth $4,287,000 after acquiring an additional 9,399 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in Fluor during the 4th quarter worth approximately $788,000. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FLR. Robert W. Baird cut their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. DA Davidson cut their price target 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. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Barclays set a $40.00 price target on shares of Fluor and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Stock Performance

Shares of FLR stock opened at $37.72 on Friday. The company’s fifty day simple moving average is $43.19 and its 200-day simple moving average is $48.34. 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 cap of $6.34 billion, a PE ratio of 3.09, a P/E/G ratio of 1.36 and a beta of 1.73. Fluor Co. has a 12 month low of $34.01 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last announced 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 the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Equities research analysts expect that Fluor Co. will post 2.5 EPS for the current fiscal year.

Fluor Company 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.