LVW Advisors LLC Takes $211,000 Position in Fluor Co. (NYSE:FLR)

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

Other institutional investors have also made changes to their positions in the company. Cornercap Investment Counsel Inc. boosted its position in Fluor by 2.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 14,039 shares of the construction company’s stock valued at $550,000 after buying an additional 326 shares in the last quarter. Parallel Advisors LLC boosted its position in Fluor by 19.6% in the fourth quarter. Parallel Advisors LLC now owns 2,053 shares of the construction company’s stock valued at $80,000 after buying an additional 337 shares in the last quarter. Spire Wealth Management boosted its position in Fluor by 59.2% in the fourth quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after buying an additional 375 shares in the last quarter. Strs Ohio boosted its position in Fluor by 3.1% in the fourth quarter. Strs Ohio now owns 16,600 shares of the construction company’s stock valued at $650,000 after buying an additional 500 shares in the last quarter. Finally, Independent Advisor Alliance raised its stake in shares of Fluor by 4.2% in the fourth quarter. Independent Advisor Alliance now owns 12,289 shares of the construction company’s stock worth $481,000 after acquiring an additional 500 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Truist Financial reissued a “buy” rating and set a $47.00 price target (up from $46.00) on shares of Fluor in a research note on Monday, May 6th. Finally, Citigroup boosted their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.00.

Fluor Stock Up 1.2 %

Shares of NYSE:FLR opened at $43.55 on Monday. Fluor Co. has a 52 week low of $28.02 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $7.46 billion, a PE ratio of 25.32, a PEG ratio of 2.37 and a beta of 1.99. The company has a 50 day moving average price of $41.81 and a two-hundred day moving average price of $40.02.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.07). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Analysts forecast that Fluor Co. will post 2.86 earnings per share for the current year.

Fluor 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.