Thurston Springer Miller Herd & Titak Inc. Invests $93,000 in Fluor Co. (NYSE:FLR)

Thurston Springer Miller Herd & Titak Inc. bought a new position in Fluor Co. (NYSE:FLR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,130 shares of the construction company’s stock, valued at approximately $93,000.

Several other institutional investors have also recently made changes to their positions in FLR. Vanguard Group Inc. grew its position in Fluor by 0.3% during the first quarter. Vanguard Group Inc. now owns 17,112,278 shares of the construction company’s stock valued at $723,507,000 after buying an additional 51,322 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fluor by 13.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,056 shares of the construction company’s stock valued at $57,974,000 after buying an additional 177,907 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Fluor by 7.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 913,786 shares of the construction company’s stock valued at $38,635,000 after buying an additional 65,275 shares during the period. Hennessy Advisors Inc. grew its position in Fluor by 18.0% during the first quarter. Hennessy Advisors Inc. now owns 810,700 shares of the construction company’s stock valued at $34,276,000 after buying an additional 123,500 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Fluor by 7.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock valued at $31,108,000 after buying an additional 53,398 shares during the period. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup increased their target price 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 target price on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a research report on Wednesday, July 17th. DA Davidson increased their target price on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Truist Financial increased their target price on shares of Fluor from $54.00 to $61.00 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Fluor Price Performance

Shares of Fluor stock traded up $0.29 on Tuesday, reaching $46.51. The stock had a trading volume of 1,357,142 shares, 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 P/E ratio of 27.36, a price-to-earnings-growth ratio of 2.55 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. The business’s 50 day moving average is $45.40 and its two-hundred day moving average is $41.53.

Fluor (NYSE:FLR) last announced its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. Fluor’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. As a group, research analysts anticipate that Fluor Co. will post 2.9 EPS for the current 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.