Tower Research Capital LLC TRC Acquires 12,321 Shares of Fluor Co. (NYSE:FLR)

Tower Research Capital LLC TRC lifted its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 330.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,050 shares of the construction company's stock after purchasing an additional 12,321 shares during the period. Tower Research Capital LLC TRC's holdings in Fluor were worth $792,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FLR. Versant Capital Management Inc raised its stake in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after buying an additional 527 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Fluor during the fourth quarter worth $33,000. Smartleaf Asset Management LLC boosted its holdings in Fluor by 43.0% in 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 period. Finally, 1620 Investment Advisors Inc. bought a new stake in Fluor during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Performance

Shares of NYSE FLR traded up $0.45 during trading hours on Friday, hitting $36.23. 2,741,507 shares of the company's stock were exchanged, compared to its average volume of 3,026,375. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 2.97, a PEG ratio of 1.36 and a beta of 1.66. The company's 50-day moving average price is $35.45 and its 200-day moving average price is $45.62. 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 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Fluor's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. On average, sell-side analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group cut their price target on Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. KeyCorp cut their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Robert W. Baird decreased their price target on Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and a consensus price target of $45.57.

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.