ProShare Advisors LLC Acquires 16,382 Shares of Fluor Co. (NYSE:FLR)

ProShare Advisors LLC grew its holdings in Fluor Co. (NYSE:FLR - Free Report) by 41.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,115 shares of the construction company's stock after purchasing an additional 16,382 shares during the period. ProShare Advisors LLC's holdings in Fluor were worth $2,768,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FLR. Cornerstone Wealth Management LLC acquired a new position in Fluor in the fourth quarter worth approximately $484,000. Quantbot Technologies LP acquired a new position in Fluor in the fourth quarter worth approximately $3,667,000. Exchange Traded Concepts LLC increased its holdings in Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after buying an additional 32,472 shares during the last quarter. Cinctive Capital Management LP acquired a new position in Fluor in the fourth quarter worth approximately $1,131,000. Finally, LPL Financial LLC increased its holdings in Fluor by 19.3% in the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after buying an additional 19,161 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Performance

Shares of Fluor stock traded up $3.52 during midday trading on Friday, hitting $41.10. The company had a trading volume of 8,244,465 shares, compared to its average volume of 2,327,035. The business's 50 day simple moving average is $35.70 and its two-hundred day simple moving average is $43.86. The stock has a market cap of $6.77 billion, a PE ratio of 3.37, 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. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share (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 the consensus estimate of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Fluor's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FLR shares. Robert W. Baird set a $41.00 price objective on Fluor in a report on Monday, May 5th. Citigroup dropped their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial upped their target price on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. KeyCorp decreased their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.