B. Riley Wealth Advisors Inc. Has $201,000 Position in Fluor Co. (NYSE:FLR)

B. Riley Wealth Advisors Inc. cut its position in Fluor Co. (NYSE:FLR) by 10.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,126 shares of the construction company’s stock after selling 601 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Fluor were worth $201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Insight Wealth Strategies LLC bought a new stake in shares of Fluor during the 4th quarter valued at approximately $1,020,000. Goldman Sachs Group Inc. grew its holdings in shares of Fluor by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock valued at $31,108,000 after purchasing an additional 53,398 shares during the last quarter. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 98,381 shares during the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Fluor during the 4th quarter valued at approximately $5,123,000. Finally, Vanguard Group Inc. grew its holdings in shares of Fluor by 18.6% during the 4th quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock valued at $668,278,000 after purchasing an additional 2,670,473 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Trading Up 1.2 %

NYSE:FLR opened at $43.55 on Friday. The firm’s fifty day moving average is $41.81 and its 200-day moving average is $40.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67. Fluor Co. has a 52 week low of $28.02 and a 52 week high of $45.75. The firm has a market cap of $7.46 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.37 and a beta of 2.03.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts expect that Fluor Co. will post 2.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.