Invesco Ltd. Raises Holdings in Fluor Co. (NYSE:FLR)

Invesco Ltd. lifted its holdings in Fluor Co. (NYSE:FLR - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,345,503 shares of the construction company's stock after purchasing an additional 252,690 shares during the quarter. Invesco Ltd. owned 0.78% of Fluor worth $66,360,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in Fluor in the 4th quarter valued at $484,000. Quantbot Technologies LP bought a new position in shares of Fluor in the fourth quarter worth about $3,667,000. Exchange Traded Concepts LLC increased its stake in Fluor by 291.7% in the 4th 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 period. Cinctive Capital Management LP bought a new stake in Fluor during the 4th quarter valued at about $1,131,000. Finally, LPL Financial LLC boosted its position in Fluor by 19.3% in the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after buying an additional 19,161 shares during the period. Institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

FLR has been the topic of a number of recent research reports. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. KeyCorp dropped their target price 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. DA Davidson reduced their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Truist Financial dropped their price objective on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.43.

Fluor Stock Up 1.3 %

FLR traded up $0.44 during trading on Friday, hitting $33.99. The stock had a trading volume of 1,746,661 shares, compared to its average volume of 2,159,047. The stock has a 50 day simple moving average of $36.62 and a two-hundred day simple moving average of $46.57. The company has a market capitalization of $5.71 billion, a PE ratio of 2.79, a PEG ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $4.42 billion. On average, research analysts predict that Fluor Co. will post 2.5 earnings per share for the current 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.