Fluor Co. (NYSE:FLR) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in Fluor Co. (NYSE:FLR) by 124.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 50,070 shares of the construction company’s stock after buying an additional 27,723 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fluor were worth $2,469,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Cornerstone Wealth Management LLC acquired a new position in Fluor during the 4th quarter worth $484,000. Exchange Traded Concepts LLC grew its position in shares of Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after buying an additional 32,472 shares in the last quarter. Aequim Alternative Investments LP increased its stake in shares of Fluor by 6.0% during the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after buying an additional 41,800 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Fluor during the 3rd quarter worth approximately $8,165,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of Fluor stock opened at $37.72 on Thursday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73. The firm’s fifty day simple moving average is $42.58 and its 200-day simple moving average is $48.19. 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 12 month low of $34.01 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS 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. As a group, equities analysts forecast that Fluor Co. will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Truist Financial decreased their price target on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Citigroup decreased their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Company Profile

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.