Freedom Investment Management Inc. Makes New $230,000 Investment in Fluor Co. (NYSE:FLR)

Freedom Investment Management Inc. bought a new stake in shares of Fluor Co. (NYSE:FLR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,660 shares of the construction company’s stock, valued at approximately $230,000.

Several other large investors also recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new stake in Fluor during the fourth quarter worth about $484,000. Quantbot Technologies LP bought a new stake in shares of Fluor during the 4th quarter worth approximately $3,667,000. Exchange Traded Concepts LLC boosted its position in shares of Fluor by 291.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after acquiring an additional 32,472 shares in the last quarter. Cinctive Capital Management LP bought a new position in Fluor in the fourth quarter valued at approximately $1,131,000. Finally, LPL Financial LLC raised its position in Fluor by 19.3% during the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company’s stock valued at $5,852,000 after purchasing an additional 19,161 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Fluor from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird lowered their target price on Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Barclays set a $40.00 price target on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, KeyCorp dropped their price objective on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.43.

Fluor Trading Up 2.6 %

FLR opened at $33.87 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company’s 50 day moving average price is $36.13 and its two-hundred day moving average price is $46.34. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 2.78, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, research analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

Fluor Company 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.