Fluor Co. (NYSE:FLR) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,684 shares of the construction company's stock after purchasing an additional 13,104 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Fluor worth $4,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Fluor during the 3rd quarter valued at about $598,000. Sanctuary Advisors LLC raised its holdings in Fluor by 18.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company's stock valued at $278,000 after buying an additional 897 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Fluor in the 3rd quarter valued at about $96,000. Cim Investment Management Inc. purchased a new stake in Fluor in the 3rd quarter valued at about $391,000. Finally, Birmingham Capital Management Co. Inc. AL purchased a new stake in Fluor in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Down 1.5 %

Shares of Fluor stock traded down $0.55 during trading on Monday, hitting $35.01. 2,758,642 shares of the stock were exchanged, compared to its average volume of 2,196,789. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 2.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The firm's 50-day moving average price is $35.62 and its 200 day moving average price is $45.88. Fluor Co. has a 12-month low of $29.20 and a 12-month high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. As a group, analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FLR. DA Davidson reduced their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. KeyCorp reduced their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Robert W. Baird reduced their price objective on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, UBS Group decreased their price target on shares of Fluor from $57.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and an average target price of $45.57.

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.