AE Wealth Management LLC Invests in Fluor Corporation

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AE Wealth Management LLC has secured a stake in Fluor Corporation ($NYSE:FLR), according to Defense World. Fluor Corporation is a public multinational engineering and construction company with headquarters in Irving, Texas. The company provides professional and technical services in the energy, chemicals and fluids, mining and industrial, government, and power sectors. Fluor Corporation’s services span multiple stages of a project’s life cycle. These include conceptual engineering, detailed engineering, procurement, fabrication, construction, commissioning, operations and maintenance.

Additionally, Fluor provides services in areas such as consulting, project management, training and development, and information technology. Fluor’s portfolio also includes research and development services related to energy sources and environmental compliance. In addition to engineering and construction services, Fluor also provides sustainability solutions, including energy efficiency and renewable energy solutions. Through its subsidiaries and joint ventures, the company is active in the oil and gas, chemicals, nuclear power, power generation, mining, infrastructure, and life sciences sectors. With their vast experience in managing large scale projects in multiple sectors worldwide, Fluor Corporation is an attractive investment for AE Wealth Management LLC.

Market Price

At the start of the trading day, Fluor Corporation‘s stock opened at $31.1 and closed at $31.0, down slightly by 0.1% from the previous closing price of $31.0. Although the stock saw some fluctuation throughout trading, the closing price indicates that investors are still confident in Fluor Corporation’s future prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fluor Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fluor Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fluor Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Fluor Corporation are shown below. More…

Analysis

At GoodWhale, we analyze the fundamentals of companies to provide investors with the information they need to make wise decisions. Our Star Chart for FLUOR CORPORATION shows that they are strong in liquidity, medium in asset, profitability and weak in dividend, growth. This leads us to classify them as a ‘rhino’ type of company, which has achieved moderate revenue or earnings growth. We believe that this type of company may be attractive for value investors seeking a stable income, given its ability to pay dividends and its good health score of 8/10 in terms of cashflows and debt. Additionally, FLUOR CORPORATION’s strong liquidity and moderate asset and profitability ranking demonstrate that it has the financial capacity to pay off debt and fund future operations. Investors interested in a low-risk but steady return may want to consider investing in FLUOR CORPORATION. More…

Peers

It is one of the largest engineering and construction companies in the world and competes with other major companies such as KBR Inc, Resource Development Group Ltd, and Jacobs Solutions Inc. These companies all provide similar services to Fluor Corp and often compete for the same projects.

– KBR Inc ($NYSE:KBR)

KBR Inc is a publicly traded engineering, construction, and services company based in Houston, Texas. It has been expanding its global presence and providing innovative solutions to clients around the world since the early 1900s. As of 2022, KBR Inc has a market cap of 7.01B and a Return on Equity of 14.53%. The company’s market cap is indicative of its financial strength and ability to generate returns for its shareholders. Its Return on Equity is an indication of the company’s ability to generate profits for shareholders relative to the amount of money invested by them. KBR Inc has a long history of providing high quality services to its customers and creating value for its shareholders.

– Resource Development Group Ltd ($ASX:RDG)

Resource Development Group Ltd is a diversified resources company with interests in the exploration and development of minerals, oil and gas, and other natural resources. The company has a market capitalisation of 155.8M as of 2022, making it a mid-sized player in the resources sector. Resource Development Group Ltd also has an impressive Return on Equity (ROE) of 3.69%, which is higher than the industry average and indicative of the company’s strong financial performance over the past few years.

– Jacobs Solutions Inc ($NYSE:J)

Jacobs Solutions Inc is a leading global provider of technology, engineering, and management solutions. The company has a market cap of 15.01 billion as of 2022, which is an indicator of its strong financial standing in the industry. Jacobs Solutions Inc is also performing well financially, as demonstrated by its Return on Equity of 10.18%. This suggests that the company is achieving a good return on its investments and is able to generate positive returns for its shareholders. Jacobs Solutions Inc has established itself as a leader in the industry due to its commitment to providing customers with quality solutions and services.

Summary

Investors in Fluor Corporation (FLR) may be interested to know that AE Wealth Management LLC, a financial services firm, recently purchased a new stake in the engineering and construction firm. Analysts believe that the recent decision shows strong investor confidence in Fluor’s long-term prospects. This performance is bolstered by a strong balance sheet, as well as a strong backlog of projects that will likely drive sales and profits higher in the near future.

Despite the recent gains, analysts expect the stock price to remain volatile due to uncertainties in the energy and engineering markets. Nevertheless, investors should remain encouraged by the recent investor activity in Fluor and its prospects for continued growth.