Level Four Advisory Services LLC Has $400,000 Stock Position in Fluor Co. (NYSE:FLR)

Level Four Advisory Services LLC grew its stake in Fluor Co. (NYSE:FLR) by 52.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,105 shares of the construction company’s stock after buying an additional 2,785 shares during the quarter. Level Four Advisory Services LLC’s holdings in Fluor were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLR. Versant Capital Management Inc increased its holdings in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Fluor during the fourth quarter worth about $33,000. Smartleaf Asset Management LLC raised its position in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after buying an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in Fluor in the 4th quarter valued at approximately $57,000. Finally, Quarry LP grew its stake in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after acquiring an additional 942 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FLR shares. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Robert W. Baird decreased their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Citigroup dropped their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Barclays set a $40.00 target price on shares of Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Fluor has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Price Performance

FLR stock opened at $35.82 on Tuesday. The company’s 50-day moving average price is $41.76 and its two-hundred day moving average price is $48.05. Fluor Co. has a 12 month low of $34.01 and a 12 month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm has a market cap of $6.02 billion, a P/E ratio of 2.94, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. On average, analysts anticipate that Fluor Co. will post 2.5 earnings per share 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.