LVW Advisors LLC Makes New $211,000 Investment in Fluor Co. (NYSE:FLR)

LVW Advisors LLC bought a new position in Fluor Co. (NYSE:FLR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the construction company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLR. GAMMA Investing LLC bought a new position in shares of Fluor in the fourth quarter worth approximately $27,000. Rise Advisors LLC bought a new position in Fluor during the first quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in Fluor during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fluor during the fourth quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Fluor during the fourth quarter valued at approximately $36,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Robert W. Baird increased their price target on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Truist Financial reissued a “buy” rating and issued a $47.00 price objective (up from $46.00) on shares of Fluor in a research note on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.00.

Fluor Price Performance

Fluor stock opened at $43.55 on Monday. The firm has a 50-day moving average price of $41.81 and a 200-day moving average price of $40.02. The firm has a market capitalization of $7.46 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 2.37 and a beta of 1.99. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor Co. has a 12-month low of $28.02 and a 12-month high of $45.75.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that Fluor Co. will post 2.86 EPS 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.