Fluor Co. (NYSE:FLR) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its holdings in shares of Fluor Co. (NYSE:FLR) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 317,655 shares of the construction company’s stock after selling 10,093 shares during the period. Great Lakes Advisors LLC owned 0.19% of Fluor worth $15,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FLR. Versant Capital Management Inc increased its position in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares during the period. Golden State Wealth Management LLC acquired a new position in Fluor during the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC increased its position in Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after buying an additional 287 shares during the period. Quarry LP increased its position in Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after buying an additional 942 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock worth $77,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Down 0.1 %

Fluor stock opened at $35.56 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 1-year low of $34.01 and a 1-year high of $60.10. The company has a market cap of $6.00 billion, a PE ratio of 2.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The stock’s 50 day moving average price is $44.98 and its 200 day moving average price is $48.94.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. On average, sell-side analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird cut their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 target price on Fluor and gave the company an “equal weight” rating in a research note on Thursday, February 27th. DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Fluor from a “buy” rating to a “hold” rating in a research note on Sunday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

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.