PNC Financial Services Group Inc. lowered its holdings in shares of Fluor Co. (NYSE:FLR – Get Rating) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,832 shares of the construction company’s stock after selling 391 shares during the period. PNC Financial Services Group Inc.’s holdings in Fluor were worth $479,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in FLR. Lord Abbett & CO. LLC bought a new position in shares of Fluor during the fourth quarter valued at about $253,000. Great Lakes Advisors LLC grew its position in Fluor by 0.8% during the 4th quarter. Great Lakes Advisors LLC now owns 372,448 shares of the construction company’s stock worth $1,291,000 after acquiring an additional 2,855 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Fluor by 6.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,145 shares of the construction company’s stock valued at $2,223,000 after purchasing an additional 4,064 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Fluor by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,074,570 shares of the construction company’s stock valued at $71,905,000 after purchasing an additional 88,615 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Fluor by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 560,124 shares of the construction company’s stock worth $19,414,000 after purchasing an additional 1,832 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on FLR shares. Robert W. Baird lowered their price target on shares of Fluor from $43.00 to $40.00 in a report on Monday, May 8th. Credit Suisse Group increased their target price on shares of Fluor from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Finally, StockNews.com began coverage on Fluor in a report on Thursday, May 18th. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.86.
Fluor Price Performance
Shares of NYSE FLR opened at $29.53 on Friday. Fluor Co. has a 1 year low of $21.67 and a 1 year high of $38.20. The stock has a market capitalization of $4.23 billion, a P/E ratio of -79.81 and a beta of 2.29. The company’s 50-day moving average is $28.55 and its 200 day moving average is $32.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53.
Fluor (NYSE:FLR – Get Rating) last posted its earnings results on Friday, May 5th. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Fluor had a positive return on equity of 9.84% and a negative net margin of 0.07%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. On average, sell-side analysts expect that Fluor Co. will post 1.74 earnings per share for the current year.
About Fluor
Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.
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Source: defenseworld.net
