Fluor Co. (NYSE:FLR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Fluor Co. (NYSE:FLR) by 88.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,642 shares of the construction company’s stock after selling 35,384 shares during the period. SG Americas Securities LLC’s holdings in Fluor were worth $182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in Fluor during the 4th quarter worth approximately $34,000. Carmel Capital Partners LLC purchased a new stake in shares of Fluor during the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its position in shares of Fluor by 2,324.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,188 shares of the construction company’s stock worth $37,000 after buying an additional 1,139 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Fluor by 32.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company’s stock worth $55,000 after buying an additional 371 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its position in shares of Fluor by 665.0% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock worth $45,000 after buying an additional 1,596 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup upped their price target on shares of Fluor from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. KeyCorp began coverage on shares of Fluor in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial reissued a “buy” rating and issued a $46.00 price objective on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.83.

Fluor Stock Performance

NYSE:FLR opened at $40.85 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56. Fluor Co. has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The stock has a market cap of $6.95 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 3.24 and a beta of 2.12. The firm’s fifty day simple moving average is $39.53 and its 200-day simple moving average is $38.02.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Analysts expect that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

About Fluor

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.