5,749 Shares in Fluor Co. (NYSE:FLR) Acquired by Abacus Planning Group Inc.

Abacus Planning Group Inc. bought a new stake in Fluor Co. (NYSE:FLR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,749 shares of the construction company's stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Fluor in the fourth quarter valued at $3,667,000. Cinctive Capital Management LP acquired a new position in Fluor in the 4th quarter valued at about $1,131,000. LPL Financial LLC increased its stake in Fluor by 19.3% during the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares during the period. Smartleaf Asset Management LLC lifted its position 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 worth $47,000 after purchasing an additional 287 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Fluor in the fourth quarter valued at approximately $2,926,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on FLR. Wall Street Zen lowered shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. DA Davidson reduced 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. UBS Group lowered their target price on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Truist Financial increased their price target on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Up 3.6%

Shares of NYSE FLR opened at $44.49 on Monday. The business has a 50-day moving average of $36.72 and a two-hundred day moving average of $43.03. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 3.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. Fluor Co. has a 1 year low of $29.20 and a 1 year 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 posted its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.23. The firm had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.

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