Rhumbline Advisers reduced its position in shares of Fluor Co. (NYSE:FLR – Free Report) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 471,341 shares of the construction company’s stock after selling 4,232 shares during the period. Rhumbline Advisers owned about 0.33% of Fluor worth $13,952,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLR. Fifth Third Bancorp boosted its holdings in shares of Fluor by 46.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,134 shares of the construction company’s stock worth $34,000 after acquiring an additional 360 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Fluor by 2,324.5% during the first quarter. First Horizon Advisors Inc. now owns 1,188 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,139 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in shares of Fluor by 665.0% in the second quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock valued at $45,000 after buying an additional 1,596 shares in the last quarter. State of Wyoming acquired a new position in Fluor during the 4th quarter worth about $113,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Fluor by 29.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,561 shares of the construction company’s stock worth $141,000 after acquiring an additional 1,051 shares during the last quarter. 99.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FLR has been the topic of a number of research reports. Credit Suisse Group upped their target price on shares of Fluor from $32.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Citigroup lifted their target price on Fluor from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. TheStreet raised Fluor from a “c” rating to a “b” rating in a research note on Friday, August 11th. StockNews.com started coverage on Fluor in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Robert W. Baird reduced their target price on shares of Fluor from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fluor has a consensus rating of “Hold” and an average price target of $41.40.
Fluor Trading Up 1.1 %
NYSE FLR opened at $38.23 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.70. Fluor Co. has a 12 month low of $25.69 and a 12 month high of $38.87. The company has a market capitalization of $6.51 billion, a PE ratio of 57.06 and a beta of 2.16. The stock has a 50-day simple moving average of $35.79 and a 200 day simple moving average of $32.43.
Fluor (NYSE:FLR – Get Free Report) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.46. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.83 billion. Fluor had a net margin of 1.10% and a return on equity of 22.75%. Fluor’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. Research analysts forecast that Fluor Co. will post 2.62 EPS for the current year.
Fluor Company Profile
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 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.
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