US Bancorp DE increased its stake in Fluor Co. (NYSE:FLR – Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,068 shares of the construction company’s stock after buying an additional 3,267 shares during the period. US Bancorp DE’s holdings in Fluor were worth $747,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. King Luther Capital Management Corp lifted its stake in Fluor by 84.2% in the fourth quarter. King Luther Capital Management Corp now owns 637,150 shares of the construction company’s stock worth $24,957,000 after acquiring an additional 291,210 shares during the period. Trexquant Investment LP raised its holdings in shares of Fluor by 557.2% in the 4th quarter. Trexquant Investment LP now owns 69,666 shares of the construction company’s stock valued at $2,729,000 after purchasing an additional 59,066 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Fluor by 5.7% in the 4th quarter. Corient Private Wealth LLC now owns 18,511 shares of the construction company’s stock worth $725,000 after purchasing an additional 992 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Fluor during the fourth quarter valued at approximately $212,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Fluor during the fourth quarter valued at approximately $73,000. Institutional investors own 88.07% of the company’s stock.
Fluor Price Performance
Shares of NYSE FLR opened at $44.55 on Thursday. Fluor Co. has a fifty-two week low of $27.95 and a fifty-two week high of $44.75. The company has a market cap of $7.63 billion, a PE ratio of 25.90, a P/E/G ratio of 2.37 and a beta of 2.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67. The business has a 50-day simple moving average of $40.67 and a two-hundred day simple moving average of $39.22.
Fluor (NYSE:FLR – Get Free Report) last released its earnings results on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts expect that Fluor Co. will post 2.86 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on FLR shares. Citigroup increased their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Robert W. Baird boosted their target price 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, Truist Financial restated a “buy” rating and issued a $47.00 price target (up from $46.00) on shares of Fluor in a report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Fluor has an average rating of “Hold” and an average price target of $44.00.
View Our Latest Stock Report on Fluor
About Fluor
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.
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Source: defenseworld.net