Park Avenue Securities LLC Invests $374,000 in Fluor Co. (NYSE:FLR)

Park Avenue Securities LLC acquired a new stake in Fluor Co. (NYSE:FLR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 8,849 shares of the construction company’s stock, valued at approximately $374,000.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Fluor in the fourth quarter worth $27,000. Rise Advisors LLC purchased a new position in Fluor in the first quarter valued at $28,000. BKM Wealth Management LLC acquired a new position in Fluor during the 4th quarter worth $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fluor during the 4th quarter worth about $34,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Fluor in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FLR shares. Robert W. Baird raised their target price 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 restated a “buy” rating and issued a $47.00 price objective (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 research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fluor has an average rating of “Hold” and a consensus price target of $44.00.

Fluor Trading Up 1.2 %

Shares of Fluor stock opened at $43.55 on Monday. The company has a fifty day simple moving average of $41.81 and a 200-day simple moving average of $40.02. Fluor Co. has a 12-month low of $28.02 and a 12-month high of $45.75. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.56. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.37 and a beta of 2.03.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) 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 company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, equities analysts forecast that Fluor Co. will post 2.86 EPS for the current fiscal year.

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.