Geode Capital Management LLC Has $196.85 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Geode Capital Management LLC lowered its stake in Fluor Co. (NYSE:FLR) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,990,292 shares of the construction company’s stock after selling 11,330 shares during the quarter. Geode Capital Management LLC’s holdings in Fluor were worth $196,846,000 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 the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Fluor by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock valued at $13,049,000 after purchasing an additional 7,242 shares during the period. Captrust Financial Advisors grew its holdings in shares of Fluor by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock valued at $891,000 after buying an additional 329 shares during the period. Centiva Capital LP acquired a new stake in Fluor during the 3rd quarter worth $426,000. HighTower Advisors LLC lifted its holdings in Fluor by 4.1% during the third quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company’s stock worth $1,618,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Quarry LP grew its stake in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after acquiring an additional 942 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Down 8.7 %

Fluor stock opened at $31.02 on Monday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 2.55, a P/E/G ratio of 1.36 and a beta of 1.66. The firm has a 50-day moving average of $40.18 and a 200-day moving average of $47.73. 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 one year low of $29.62 and a one year high of $60.10.

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 company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. On average, equities analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FLR shares. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd. Robert W. Baird cut their price target on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Truist Financial reduced their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, KeyCorp dropped their price target on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average target price of $51.57.

Fluor 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.