Dimensional Fund Advisors LP Has $71.91 Million Stake in Fluor Co. (NYSE:FLR)

Dimensional Fund Advisors LP lifted its holdings in shares of Fluor Co. (NYSE:FLR – Get Rating) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,074,570 shares of the construction company’s stock after buying an additional 88,615 shares during the quarter. Dimensional Fund Advisors LP owned about 1.46% of Fluor worth $71,905,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in Fluor during the fourth quarter valued at approximately $35,000. Toronto Dominion Bank acquired a new position in Fluor during the fourth quarter valued at approximately $35,000. Ronald Blue Trust Inc. grew its holdings in Fluor by 1,186.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,055 shares of the construction company’s stock valued at $26,000 after purchasing an additional 973 shares during the period. Atlas Capital Advisors LLC grew its holdings in Fluor by 665.0% during the second quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock valued at $45,000 after purchasing an additional 1,596 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in Fluor during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In other news, insider James R. Breuer sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $37.81, for a total value of $151,240.00. Following the transaction, the insider now owns 41,742 shares in the company, valued at $1,578,265.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Fluor Stock Performance

NYSE FLR opened at $26.77 on Friday. The company has a fifty day simple moving average of $28.83 and a 200 day simple moving average of $32.77. Fluor Co. has a 12-month low of $21.67 and a 12-month high of $38.20. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.83 billion, a P/E ratio of -72.35, a PEG ratio of 0.32 and a beta of 2.27.

Fluor (NYSE:FLR – Get Rating) last released its quarterly earnings data on Friday, May 5th. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Fluor had a negative net margin of 0.07% and a positive return on equity of 9.84%. Fluor’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Sell-side analysts predict that Fluor Co. will post 1.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FLR shares. Credit Suisse Group upped their price target on shares of Fluor from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, February 22nd. StockNews.com began coverage on shares of Fluor in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Robert W. Baird dropped their price target on shares of Fluor from $43.00 to $40.00 in a research report on Monday, May 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.86.

Fluor Company Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.