Contravisory Investment Management Inc. Makes New Investment in Fluor Co. (NYSE:FLR)

Contravisory Investment Management Inc. acquired a new position in Fluor Co. (NYSE:FLR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,330 shares of the construction company's stock, valued at approximately $513,000.

Several other institutional investors have also recently added to or reduced their stakes in FLR. Vanguard Group Inc. boosted its stake in Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock valued at $872,871,000 after purchasing an additional 168,822 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock valued at $152,596,000 after buying an additional 107,327 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Fluor by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock valued at $124,087,000 after acquiring an additional 25,528 shares in the last quarter. Northern Trust Corp boosted its position in Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock worth $117,971,000 after acquiring an additional 273,156 shares during the period. Finally, Alyeska Investment Group L.P. grew its stake in shares of Fluor by 329.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after purchasing an additional 1,523,647 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group dropped their target price on Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. KeyCorp lowered their price target on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. DA Davidson cut their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Robert W. Baird set a $41.00 target price on Fluor in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Up 0.0%

Fluor stock traded up $0.01 during mid-day trading on Thursday, hitting $42.90. 2,310,416 shares of the company's stock were exchanged, compared to its average volume of 2,415,675. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10. 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 stock has a 50 day moving average of $36.42 and a two-hundred day moving average of $43.30. The stock has a market cap of $7.06 billion, a P/E ratio of 3.52, a P/E/G ratio of 1.36 and a beta of 1.30.

Fluor (NYSE:FLR - Get Free Report) last announced its 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. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm posted $0.47 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts anticipate 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.