Metropolitan Life Insurance Co NY Lowers Position in Fluor Co. (NYSE:FLR)

Metropolitan Life Insurance Co NY lowered its stake in Fluor Co. (NYSE:FLRGet Rating) by 84.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,885 shares of the construction company’s stock after selling 49,572 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Fluor were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rubric Capital Management LP purchased a new position in Fluor during the fourth quarter valued at approximately $72,517,000. Schonfeld Strategic Advisors LLC increased its stake in Fluor by 951.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 638,128 shares of the construction company’s stock worth $15,807,000 after buying an additional 577,428 shares in the last quarter. Impala Asset Management LLC bought a new stake in Fluor during the fourth quarter valued at about $11,952,000. Key Square Capital Management LLC purchased a new position in shares of Fluor in the first quarter valued at about $9,950,000. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new position in shares of Fluor in the first quarter worth about $9,425,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Performance

NYSE:FLR opened at $26.20 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -79.39, a PEG ratio of 0.55 and a beta of 2.52. Fluor Co. has a 1 year low of $14.41 and a 1 year high of $31.32. The stock’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $26.27.

Fluor (NYSE:FLRGet Rating) last released its quarterly earnings results on Friday, August 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Fluor had a negative net margin of 0.05% and a positive return on equity of 9.11%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company earned $0.32 EPS. Fluor’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that Fluor Co. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on FLR shares. Credit Suisse Group set a $26.00 price target on Fluor in a report on Tuesday, July 19th. Citigroup dropped their target price on shares of Fluor from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.25.

Fluor Company Profile

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Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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