Fluor Co. (NYSE:FLR) Shares Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its stake in shares of Fluor Co. (NYSE:FLR) by 18.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 810,700 shares of the construction company’s stock after acquiring an additional 123,500 shares during the quarter. Fluor comprises approximately 1.4% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 14th largest holding. Hennessy Advisors Inc. owned about 0.48% of Fluor worth $34,276,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FLR. GAMMA Investing LLC acquired a new position in shares of Fluor during the fourth quarter valued at about $27,000. Rise Advisors LLC acquired a new position in shares of Fluor during the first quarter valued at about $28,000. BKM Wealth Management LLC acquired a new position in shares of Fluor during the fourth quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fluor during the fourth quarter valued at about $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Fluor during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FLR. Truist Financial reiterated a “buy” rating and issued a $47.00 target price (up previously from $46.00) on shares of Fluor in a research report on Monday, May 6th. Robert W. Baird increased their price target on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Citigroup increased their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.00.

Fluor Stock Performance

Shares of NYSE FLR traded up $0.17 during midday trading on Friday, reaching $43.22. 905,132 shares of the stock were exchanged, compared to its average volume of 1,511,869. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.37 and a beta of 2.03. Fluor Co. has a twelve month low of $28.02 and a twelve month high of $45.75. The firm has a 50-day simple moving average of $41.72 and a two-hundred day simple moving average of $39.97. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. Fluor had a return on equity of 24.98% and a net margin of 1.97%. Fluor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. As a group, analysts anticipate that Fluor Co. will post 2.86 EPS for the current fiscal year.

Fluor Company 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.