19,587 Shares in Fluor Co. (NYSE:FLR) Purchased by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,587 shares of the construction company's stock, valued at approximately $767,000.

Other institutional investors have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in shares of Fluor during the 4th quarter valued at $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fluor during the 4th quarter valued at $34,000. Carmel Capital Partners LLC bought a new stake in shares of Fluor during the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC lifted its position in shares of Fluor by 7,142.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,014 shares of the construction company's stock valued at $40,000 after acquiring an additional 1,000 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Fluor by 32.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company's stock valued at $55,000 after acquiring an additional 371 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Down 0.2 %

Shares of FLR traded down $0.08 during mid-day trading on Wednesday, reaching $40.29. 1,420,094 shares of the company were exchanged, compared to its average volume of 1,567,666. Fluor Co. has a 52 week low of $25.69 and a 52 week high of $43.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $6.86 billion, a PE ratio of 71.95, a PEG ratio of 3.13 and a beta of 2.12. The business has a 50 day simple moving average of $39.51 and a two-hundred day simple moving average of $38.23.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, topping 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 business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $4.11 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. KeyCorp assumed coverage on Fluor in a research report on Wednesday, January 10th. They set a "sector weight" rating for the company. Citigroup upped their price objective on Fluor from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Monday. Truist Financial reaffirmed a "buy" rating and issued a $46.00 price objective on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet lowered Fluor from a "b-" rating to a "c" rating in a research note on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $43.17.

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.