Tennessee Valley Asset Management Partners Purchases Shares of 930 Fluor Co. (NYSE:FLR)

Tennessee Valley Asset Management Partners purchased a new stake in Fluor Co. (NYSE:FLR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 930 shares of the construction company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in Fluor by 32.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company’s stock valued at $55,000 after acquiring an additional 371 shares during the period. BKM Wealth Management LLC acquired a new position in Fluor in the 4th quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in Fluor in the 4th quarter valued at approximately $34,000. Arizona State Retirement System increased its position in Fluor by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 40,784 shares of the construction company’s stock valued at $1,497,000 after acquiring an additional 871 shares during the period. Finally, Carmel Capital Partners LLC acquired a new position in Fluor in the 3rd quarter valued at approximately $37,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. KeyCorp assumed coverage on shares of Fluor in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, Truist Financial reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Fluor in a research note on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Fluor has a consensus rating of “Hold” and an average price target of $43.17.

Fluor Stock Up 2.4 %

Shares of NYSE FLR opened at $40.40 on Wednesday. The firm has a market cap of $6.87 billion, a PE ratio of 72.14, a P/E/G ratio of 3.11 and a beta of 2.12. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. The company’s fifty day simple moving average is $39.54 and its 200 day simple moving average is $38.22. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fluor Co. will post 2.84 earnings per share 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.