TD Waterhouse Canada Inc. Buys 30,339 Shares of Fluor Co. (NYSE:FLR)

TD Waterhouse Canada Inc. grew its stake in Fluor Co. (NYSE:FLR) by 37.2% in the 4th quarter, Holdings Channel reports. The firm owned 111,893 shares of the construction company’s stock after purchasing an additional 30,339 shares during the period. TD Waterhouse Canada Inc.’s holdings in Fluor were worth $5,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in Fluor by 330.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 16,050 shares of the construction company’s stock valued at $792,000 after acquiring an additional 12,321 shares in the last quarter. Natixis purchased a new position in shares of Fluor during the fourth quarter valued at approximately $997,000. MetLife Investment Management LLC grew its stake in shares of Fluor by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 195,589 shares of the construction company’s stock worth $9,646,000 after buying an additional 13,102 shares during the last quarter. Covalis Capital LLP bought a new position in Fluor during the 4th quarter valued at approximately $7,504,000. Finally, First Trust Advisors LP raised its stake in Fluor by 41.4% during the fourth quarter. First Trust Advisors LP now owns 39,261 shares of the construction company’s stock valued at $1,936,000 after buying an additional 11,499 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Price Performance

NYSE FLR opened at $33.87 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. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 2.78, a PEG ratio of 1.36 and a beta of 1.66. The business’s fifty day moving average price is $36.13 and its 200-day moving average price is $46.34.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. On average, equities analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. Robert W. Baird reduced their price objective on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Citigroup cut their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Finally, DA Davidson cut their target price on Fluor from $65.00 to $55.00 and set a “buy” 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 given a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and an average price target of $49.43.

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.