AIA Group Ltd Purchases Shares of 35,800 Fluor Co. (NYSE:FLR)

AIA Group Ltd acquired a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,800 shares of the construction company's stock, valued at approximately $1,402,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC bought a new stake in shares of Fluor in the fourth quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fluor in the fourth quarter valued at about $34,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Fluor in the fourth quarter valued at about $36,000. Carmel Capital Partners LLC bought a new stake in shares of Fluor in the third quarter valued at about $37,000. Finally, First Horizon Advisors Inc. lifted its position in Fluor by 2,324.5% during the first quarter. First Horizon Advisors Inc. now owns 1,188 shares of the construction company's stock worth $37,000 after purchasing an additional 1,139 shares during the period. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FLR. Truist Financial reaffirmed a "buy" rating and set a $46.00 price objective on shares of Fluor in a research report on Monday, March 25th. TheStreet cut shares of Fluor from a "b-" rating to a "c" rating in a research report on Wednesday, February 21st. Citigroup upped their price objective on shares of Fluor from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Finally, KeyCorp began coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a "sector weight" rating for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Fluor presently has a consensus rating of "Hold" and an average target price of $42.83.

Fluor Price Performance

NYSE FLR traded down $0.01 during trading on Friday, hitting $39.20. 1,163,086 shares of the company's stock were exchanged, compared to its average volume of 1,583,768. The stock's 50 day moving average price is $39.59 and its two-hundred day moving average price is $38.09. Fluor Co. has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.67 billion, a PE ratio of 69.93, a P/E/G ratio of 3.14 and a beta of 2.12.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. Research analysts expect that Fluor Co. will post 2.84 EPS 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.