Nisa Investment Advisors LLC Has $390,000 Holdings in Fluor Co. (NYSE:FLR)

Nisa Investment Advisors LLC lessened its stake in Fluor Co. (NYSE:FLR) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,944 shares of the construction company’s stock after selling 484 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fluor were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY increased its position in Fluor by 3.5% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,740 shares of the construction company’s stock valued at $303,000 after acquiring an additional 292 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Fluor by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 37,605 shares of the construction company’s stock valued at $936,000 after purchasing an additional 349 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Fluor by 32.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company’s stock valued at $55,000 after purchasing an additional 371 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Fluor by 3.4% in the 1st quarter. First Trust Advisors LP now owns 12,488 shares of the construction company’s stock valued at $358,000 after purchasing an additional 411 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Fluor by 4.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock valued at $268,000 after purchasing an additional 414 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Down 1.9 %

Fluor stock opened at $39.58 on Thursday. The company’s 50 day simple moving average is $39.61 and its 200 day simple moving average is $38.08. Fluor Co. has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 70.68, a PEG ratio of 3.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60.

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

Analyst Ratings Changes

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

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.