Alps Advisors Inc. Grows Position in Fluor Corporation $FLR

Alps Advisors Inc. raised its position in Fluor Corporation (NYSE:FLR) by 132.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,161 shares of the construction company’s stock after purchasing an additional 12,068 shares during the quarter. Alps Advisors Inc.’s holdings in Fluor were worth $890,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. MTM Investment Management LLC bought a new position in shares of Fluor during the second quarter valued at approximately $26,000. IFP Advisors Inc bought a new stake in shares of Fluor during the 2nd quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its holdings in Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after acquiring an additional 566 shares during the period. CoreCap Advisors LLC increased its stake in Fluor by 129.5% in the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Fluor during the second quarter worth $33,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FLR shares. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. UBS Group lowered their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. DA Davidson boosted their price target on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Truist Financial raised their price objective on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Fluor has a consensus rating of “Hold” and a consensus target price of $49.57.

Fluor Stock Performance

FLR stock opened at $45.73 on Friday. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 2.33, a PEG ratio of 6.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50-day simple moving average of $43.88 and a two-hundred day simple moving average of $44.02.

Fluor Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.