GLOBALT Investments LLC GA Buys 1,070 Shares of Fluor Co. (NYSE:FLR)

GLOBALT Investments LLC GA raised its stake in Fluor Co. (NYSE:FLR) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,118 shares of the construction company’s stock after acquiring an additional 1,070 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Fluor were worth $2,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FLR. CIBC Asset Management Inc raised its holdings in Fluor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock worth $235,000 after purchasing an additional 176 shares during the last quarter. GAMMA Investing LLC raised its holdings in Fluor by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after purchasing an additional 213 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock worth $533,000 after purchasing an additional 241 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Fluor by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company’s stock worth $286,000 after purchasing an additional 277 shares during the last quarter. Finally, 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 purchasing an additional 287 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE FLR opened at $36.84 on Monday. The company has a fifty day simple moving average of $44.41 and a 200 day simple moving average of $48.75. Fluor Co. has a 12-month low of $34.01 and a 12-month high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The company has a market cap of $6.22 billion, a P/E ratio of 3.02, a PEG ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last posted its quarterly earnings results 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). 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. Sell-side analysts predict that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the subject of several analyst reports. KeyCorp raised their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Robert W. Baird reduced their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” 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. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, Citigroup reduced their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Fluor currently has an average rating of “Moderate Buy” and an average price target of $54.71.

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.