Harbor Capital Advisors Inc. Has $2.59 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Harbor Capital Advisors Inc. boosted its stake in shares of Fluor Co. (NYSE:FLR) by 230.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,403 shares of the construction company’s stock after purchasing an additional 41,428 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Fluor were worth $2,587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. New England Research & Management Inc. grew its stake in Fluor by 173.1% during the second quarter. New England Research & Management Inc. now owns 13,450 shares of the construction company’s stock worth $586,000 after buying an additional 8,525 shares in the last quarter. Lynx Investment Advisory purchased a new position in Fluor in the second quarter worth $174,000. Insight Wealth Strategies LLC boosted its holdings in shares of Fluor by 2.1% in the 2nd quarter. Insight Wealth Strategies LLC now owns 28,052 shares of the construction company’s stock worth $1,222,000 after buying an additional 584 shares during the last quarter. Westend Capital Management LLC lifted its holdings in Fluor by 1.0% during the 2nd quarter. Westend Capital Management LLC now owns 250,097 shares of the construction company’s stock worth $10,814,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Fluor in the second quarter worth about $93,000. 88.07% of the stock is owned by institutional investors.

Fluor Trading Down 0.8 %

Shares of NYSE:FLR traded down $0.37 on Wednesday, hitting $46.14. 542,810 shares of the company’s stock were exchanged, compared to its average volume of 1,578,091. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 2.55 and a beta of 1.99. Fluor Co. has a 12 month low of $32.31 and a 12 month high of $51.64. The business’s 50 day simple moving average is $45.49 and its two-hundred day simple moving average is $41.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a report on Monday. UBS Group boosted their target price on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup raised their price objective on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. DA Davidson upped their price objective on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday. Finally, KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

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.