Rise Advisors LLC Makes New $28,000 Investment in Fluor Co. (NYSE:FLR)

Rise Advisors LLC acquired a new position in shares of Fluor Co. (NYSE:FLR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 670 shares of the construction company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Insight Wealth Strategies LLC purchased a new position in Fluor during the 4th quarter worth approximately $1,020,000. Principal Financial Group Inc. boosted its stake in shares of Fluor by 18.5% during the 4th quarter. Principal Financial Group Inc. now owns 631,381 shares of the construction company’s stock valued at $24,731,000 after buying an additional 98,381 shares during the period. Ghisallo Capital Management LLC acquired a new stake in shares of Fluor during the 4th quarter valued at $5,123,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Fluor by 385.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,948 shares of the construction company’s stock valued at $6,934,000 after buying an additional 149,990 shares during the period. Finally, Sona Asset Management US LLC acquired a new stake in shares of Fluor during the 4th quarter valued at $3,521,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Robert W. Baird lifted their price objective on shares of Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Truist Financial reissued a “buy” rating and set a $47.00 target price (up previously from $46.00) on shares of Fluor in a research report on Monday, May 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.00.

Fluor Price Performance

Shares of Fluor stock opened at $44.70 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67. The firm’s 50-day simple moving average is $41.27 and its 200-day simple moving average is $39.73. Fluor Co. has a twelve month low of $27.95 and a twelve month high of $45.75. The firm has a market cap of $7.65 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.47 and a beta of 2.03.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm posted $0.28 earnings per share. Fluor’s revenue was down .5% on a year-over-year basis. As a group, research analysts expect that Fluor Co. will post 2.86 EPS for the current fiscal year.

About Fluor

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.