Proficio Capital Partners LLC Buys New Holdings in Fluor Co. (NYSE:FLR)

Proficio Capital Partners LLC purchased a new position in shares of Fluor Co. (NYSE:FLR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,332 shares of the construction company’s stock, valued at approximately $2,926,000.

Other large investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in shares of Fluor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after purchasing an additional 176 shares in the last quarter. GAMMA Investing LLC increased its holdings in Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock valued at $112,000 after buying an additional 213 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Fluor by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock worth $533,000 after acquiring an additional 241 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 277 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after purchasing an additional 287 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FLR. Truist Financial lowered their price objective on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. DA Davidson reduced their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Citigroup lowered their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. KeyCorp upped their target price on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird decreased their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Price Performance

Shares of NYSE FLR opened at $37.15 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. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 3.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The stock’s 50-day moving average is $43.85 and its two-hundred day moving average is $48.57. Fluor Co. has a 1-year low of $34.01 and a 1-year high of $60.10.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

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.