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Benjamin F. Edwards & Company Inc. grew its holdings in Fluor Co. (NYSE:FLR – Get Rating) by 160.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,242 shares of the construction company’s stock after purchasing an additional 5,694 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Fluor were worth $230,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. First Trust Advisors LP lifted its stake in Fluor by 3.4% in the 1st quarter. First Trust Advisors LP now owns 12,488 shares of the construction company’s stock worth $358,000 after purchasing an additional 411 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Fluor by 4.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock valued at $268,000 after buying an additional 414 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Fluor by 1.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 29,647 shares of the construction company’s stock valued at $722,000 after buying an additional 430 shares during the period. Allworth Financial LP raised its position in shares of Fluor by 70.9% during the 3rd quarter. Allworth Financial LP now owns 1,080 shares of the construction company’s stock valued at $27,000 after buying an additional 448 shares during the period. Finally, Laurel Wealth Advisors Inc. raised its position in shares of Fluor by 5.1% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 9,347 shares of the construction company’s stock valued at $268,000 after buying an additional 457 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on FLR. DA Davidson raised shares of Fluor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $25.00 to $40.00 in a research report on Monday, November 7th. Barclays lifted their price target on shares of Fluor from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Sunday, November 6th. UBS Group lifted their price target on shares of Fluor from $26.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, November 29th. Robert W. Baird boosted their target price on Fluor from $32.00 to $38.00 in a research report on Monday, November 14th. Finally, Citigroup boosted their target price on Fluor from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, November 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.29.
Fluor Stock Performance
NYSE:FLR opened at $36.37 on Friday. The company has a fifty day simple moving average of $34.06 and a two-hundred day simple moving average of $29.00. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -77.38, a price-to-earnings-growth ratio of 0.80 and a beta of 2.33. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.51. Fluor Co. has a 52 week low of $19.80 and a 52 week high of $36.50.
Fluor (NYSE:FLR – Get Rating) last posted its quarterly earnings results on Friday, November 4th. The construction company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.41). The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.54 billion. Fluor had a positive return on equity of 7.74% and a negative net margin of 0.19%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. As a group, equities analysts anticipate that Fluor Co. will post 0.96 earnings per share for the current fiscal year.
About Fluor
(Get Rating)
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.
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Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Co. (NYSE:FLR – Get Rating).
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