ProShare Advisors LLC Boosts Stake in Fluor Co. (NYSE:FLR)

ProShare Advisors LLC increased its stake in Fluor Co. (NYSE:FLR) by 41.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 56,115 shares of the construction company’s stock after purchasing an additional 16,382 shares during the quarter. ProShare Advisors LLC’s holdings in Fluor were worth $2,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in shares of Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Fluor in the 4th quarter worth $33,000. Smartleaf Asset Management LLC increased its stake in Fluor by 43.0% in 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 in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Fluor during the fourth quarter valued at about $57,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Fluor by 826.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after acquiring an additional 1,388 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Trading Up 1.1%

FLR opened at $38.32 on Wednesday. The stock has a 50-day moving average of $35.59 and a 200 day moving average of $44.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The firm has a market cap of $6.31 billion, a P/E ratio of 3.14, a P/E/G ratio of 1.36 and a beta of 1.24.

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

Analyst Ratings Changes

Several research firms recently issued reports on FLR. Citigroup cut their target price on Fluor from $55.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, April 25th. DA Davidson cut their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Robert W. Baird set a $41.00 price target on shares of Fluor in a research note on Monday, May 5th. Truist Financial raised their price objective on Fluor from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, UBS Group decreased their target price on Fluor from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, 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.