ProShare Advisors LLC Buys 28,239 Shares of Fluor Corporation $FLR

ProShare Advisors LLC increased its stake in shares of Fluor Corporation (NYSE:FLR) by 67.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,882 shares of the construction company’s stock after purchasing an additional 28,239 shares during the quarter. ProShare Advisors LLC’s holdings in Fluor were worth $2,940,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FLR. MTM Investment Management LLC bought a new position in Fluor in the 2nd quarter valued at $26,000. IFP Advisors Inc bought a new position in Fluor in the second quarter valued at about $27,000. Hantz Financial Services Inc. increased its position in Fluor by 2,695.2% in the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares during the period. CoreCap Advisors LLC raised its holdings in Fluor by 129.5% during the 3rd 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 last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Fluor during the 2nd quarter valued at about $33,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of Fluor stock opened at $45.49 on Friday. The stock’s fifty day simple moving average is $43.91 and its 200 day simple moving average is $43.86. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $7.33 billion, a PE ratio of 2.31, a PEG ratio of 6.62 and a beta of 1.37. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $57.50.

Analyst Upgrades and Downgrades

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

Fluor Company 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.