Mutual of America Capital Management LLC Has $2.89 Million Stake in Fluor Co. (NYSE:FLR)

Mutual of America Capital Management LLC trimmed its stake in shares of Fluor Co. (NYSE:FLRGet Rating) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,739 shares of the construction company’s stock after selling 10,220 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Fluor worth $2,890,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Fluor by 3.5% during the first quarter. BlackRock Inc. now owns 16,937,750 shares of the construction company’s stock worth $485,943,000 after purchasing an additional 571,316 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Fluor by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,274,601 shares of the construction company’s stock worth $380,847,000 after purchasing an additional 81,634 shares in the last quarter. State Street Corp lifted its position in shares of Fluor by 4.3% during the first quarter. State Street Corp now owns 4,756,643 shares of the construction company’s stock worth $136,468,000 after purchasing an additional 195,913 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Fluor by 593.9% in the second quarter. Victory Capital Management Inc. now owns 1,742,027 shares of the construction company’s stock valued at $42,401,000 after buying an additional 1,490,987 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Fluor by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,627,022 shares of the construction company’s stock valued at $46,684,000 after buying an additional 72,442 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Down 0.1 %

Shares of FLR stock opened at $33.54 on Tuesday. The firm has a fifty day moving average of $28.82 and a 200-day moving average of $26.89. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.51. Fluor Co. has a 12-month low of $19.80 and a 12-month high of $34.62. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of -71.36, a P/E/G ratio of 1.36 and a beta of 2.41.

Fluor (NYSE:FLRGet Rating) last issued its quarterly earnings data on Friday, November 4th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.35). Fluor had a positive return on equity of 7.74% and a negative net margin of 0.19%. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts predict that Fluor Co. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLR has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Fluor in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Robert W. Baird increased their price objective on shares of Fluor from $32.00 to $38.00 in a report on Monday, November 14th. Credit Suisse Group increased their price objective on shares of Fluor from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, November 7th. Bank of America increased their price objective on shares of Fluor from $28.00 to $33.00 in a report on Sunday, November 6th. Finally, Barclays increased their target price on shares of Fluor from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Sunday, November 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.00.

About Fluor

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Fluor (NYSE:FLR)

Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.