Hudson Valley Investment Advisors Inc. ADV Has $6.78 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Hudson Valley Investment Advisors Inc. ADV lifted its position in Fluor Co. (NYSE:FLR) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,262 shares of the construction company’s stock after acquiring an additional 28,882 shares during the period. Hudson Valley Investment Advisors Inc. ADV owned approximately 0.11% of Fluor worth $6,779,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FLR. Sterling Capital Management LLC raised its position in shares of Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares during the period. Golden State Wealth Management LLC acquired a new stake in Fluor during the 4th quarter worth approximately $33,000. Versant Capital Management Inc raised its holdings in Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after buying an additional 666 shares during the period. Smartleaf Asset Management LLC raised its holdings in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after buying an additional 287 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in Fluor during the 4th quarter worth approximately $57,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Up 3.6%

FLR stock opened at $44.49 on Friday. The company has a market cap of $7.33 billion, a PE ratio of 3.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The business has a 50-day simple moving average of $36.72 and a 200 day simple moving average of $43.18. Fluor Co. has a 52 week low of $29.20 and a 52 week 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.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Fluor’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays set a $40.00 price target on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Wall Street Zen cut shares of Fluor from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Citigroup decreased their target price on shares of Fluor from $55.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Robert W. Baird set a $41.00 price target on Fluor in a report on Monday, May 5th. Finally, Truist Financial raised their price target on Fluor from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.43.

About Fluor

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.