Algert Global LLC Invests $1.06 Million in Fluor Co. (NYSE:FLR)

Algert Global LLC acquired a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,493 shares of the construction company's stock, valued at approximately $1,060,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Fluor by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock valued at $112,000 after acquiring an additional 213 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Fluor by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after purchasing an additional 241 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Fluor by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after buying an additional 264 shares during the period. Smartleaf Asset Management LLC boosted its position 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. Finally, Highland Capital Management LLC grew its holdings in Fluor by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company's stock worth $229,000 after acquiring an additional 288 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on FLR. Truist Financial boosted their price target on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a report on Monday, May 5th. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Citigroup reduced their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group dropped their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.43.

Fluor Trading Up 0.6 %

Shares of NYSE:FLR opened at $35.84 on Friday. Fluor Co. has a 1 year low of $29.20 and a 1 year high of $60.10. The firm has a market capitalization of $5.90 billion, a P/E ratio of 2.94, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The business's 50-day moving average is $35.23 and its 200 day moving average is $44.81.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the firm posted $0.47 EPS. Fluor's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts predict that Fluor Co. will post 2.5 earnings per share 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.

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