21,493 Shares in Fluor Co. (NYSE:FLR) Purchased by Algert Global LLC

Algert Global LLC acquired a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to its most recent disclosure 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sterling Capital Management LLC boosted its position in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after acquiring an additional 408 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Fluor during the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Fluor during the fourth quarter valued at approximately $57,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after purchasing an additional 1,388 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Price Performance

Fluor stock traded down $0.01 during mid-day trading on Friday, hitting $38.52. The stock had a trading volume of 494,220 shares, compared to its average volume of 2,266,768. The firm has a market capitalization of $6.34 billion, a P/E ratio of 3.16, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm's 50 day moving average is $35.42 and its 200 day moving average is $44.47. Fluor Co. has a one year low of $29.20 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.50 by $0.23. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. On average, sell-side analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Citigroup decreased their target price on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Robert W. Baird set a $41.00 target price on shares of Fluor in a research note on Monday, May 5th. UBS Group decreased their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, KeyCorp cut their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.43.

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.