Lynx Investment Advisory Invests $174,000 in Fluor Co. (NYSE:FLR)

Lynx Investment Advisory bought a new position in Fluor Co. (NYSE:FLR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the construction company’s stock, valued at approximately $174,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Fluor during the fourth quarter valued at approximately $27,000. Rise Advisors LLC purchased a new position in shares of Fluor during the first quarter valued at approximately $28,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Fluor during the fourth quarter valued at approximately $36,000. Spire Wealth Management raised its holdings in shares of Fluor by 59.2% during the fourth quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Fluor during the fourth quarter valued at approximately $64,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the subject of several research reports. KeyCorp raised shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective for the company in a report on Wednesday, July 17th. Citigroup increased their price target on shares of Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group increased their price target on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird increased their price target on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, DA Davidson increased their price target on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Fluor Price Performance

FLR traded up $0.29 during trading on Tuesday, hitting $46.51. 1,357,142 shares of the company traded hands, compared to its average volume of 1,584,729. Fluor Co. has a 1 year low of $32.31 and a 1 year high of $51.64. The company has a market cap of $7.96 billion, a PE ratio of 27.04, a P/E/G ratio of 2.55 and a beta of 1.99. The stock’s 50-day simple moving average is $45.49 and its two-hundred day simple moving average is $41.59. 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 (NYSE:FLR) last issued its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.17. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the company posted $0.76 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluor Co. will post 2.9 earnings per share for the current fiscal 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.