Stifel Financial Corp Has $2.11 Million Position in Fluor Co. (NYSE:FLR)

Stifel Financial Corp increased its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 82.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,821 shares of the construction company's stock after purchasing an additional 19,309 shares during the period. Stifel Financial Corp's holdings in Fluor were worth $2,112,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock valued at $112,000 after acquiring an additional 213 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Fluor by 2.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after buying an additional 241 shares in the last quarter. CIBC Asset Management Inc grew its stake in Fluor by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after purchasing an additional 264 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the last quarter. Finally, Highland Capital Management LLC lifted its holdings in shares of Fluor by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company's stock worth $229,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Up 2.4 %

Fluor stock traded up $0.85 during trading hours on Thursday, hitting $35.66. The company had a trading volume of 2,023,388 shares, compared to its average volume of 2,230,484. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market capitalization of $5.99 billion, a P/E ratio of 2.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The firm's fifty day moving average is $35.26 and its 200-day moving average is $45.11.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.23. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. On average, research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FLR. Citigroup reduced their price target on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. StockNews.com downgraded shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.