Fluor Co. (NYSE:FLR) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its position in shares of Fluor Co. (NYSE:FLR) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,345,503 shares of the construction company’s stock after acquiring an additional 252,690 shares during the quarter. Invesco Ltd.’s holdings in Fluor were worth $66,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FLR. Versant Capital Management Inc raised its holdings in Fluor by 2,509.5% in 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 during the period. Golden State Wealth Management LLC purchased a new position in shares of Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after acquiring an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Fluor during the 4th quarter worth $57,000. Finally, Venturi Wealth Management LLC increased its holdings in Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after purchasing an additional 1,388 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson decreased their target price on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd. Citigroup lowered their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird decreased their price objective on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.43.

Fluor Price Performance

FLR opened at $33.71 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a 50-day moving average of $37.83 and a 200-day moving average of $46.94. The company has a market capitalization of $5.66 billion, a P/E ratio of 2.77, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Equities analysts expect that Fluor Co. will post 2.5 EPS for the current fiscal year.

Fluor 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.