Fluor Co. (NYSE:FLR) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its holdings in Fluor Co. (NYSE:FLR) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,824 shares of the construction company’s stock after purchasing an additional 2,490 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Fluor were worth $2,260,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Ethic Inc. acquired a new position in Fluor in the fourth quarter valued at $247,000. Frontier Capital Management Co. LLC acquired a new position in Fluor in the fourth quarter valued at $25,117,000. Concentric Capital Strategies LP acquired a new position in Fluor in the fourth quarter valued at $1,146,000. Cetera Investment Advisers increased its stake in Fluor by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 16,678 shares of the construction company’s stock valued at $823,000 after purchasing an additional 577 shares during the period. Finally, BOKF NA increased its stake in Fluor by 57.2% in the fourth quarter. BOKF NA now owns 55,003 shares of the construction company’s stock valued at $2,653,000 after purchasing an additional 20,003 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on FLR. Robert W. Baird set a $41.00 price objective on shares of Fluor in a research note on Monday, May 5th. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. UBS Group lowered their target price on shares of Fluor from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. StockNews.com downgraded shares of Fluor from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, DA Davidson lowered their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Fluor Stock Down 0.5%

FLR stock opened at $38.54 on Friday. The company has a market cap of $6.35 billion, a P/E ratio of 3.16, a P/E/G ratio of 1.36 and a beta of 1.24. Fluor Co. has a 52 week low of $29.20 and a 52 week high of $60.10. The company’s 50-day moving average price is $35.42 and its 200 day moving average price is $44.47. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, research analysts expect 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.