Louisiana State Employees Retirement System Invests $1.88 Million in Fluor Co. (NYSE:FLR)

Louisiana State Employees Retirement System acquired a new position in shares of Fluor Co. (NYSE:FLR) during the 4th quarter, Holdings Channel reports. The firm acquired 47,900 shares of the construction company’s stock, valued at approximately $1,876,000.

Several other institutional investors also recently modified their holdings of the company. Metropolitan Life Insurance Co NY increased its stake in shares of Fluor by 3.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,740 shares of the construction company’s stock worth $303,000 after purchasing an additional 292 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Fluor by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 37,605 shares of the construction company’s stock worth $936,000 after purchasing an additional 349 shares during the last quarter. Fifth Third Bancorp increased its stake 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 purchasing an additional 371 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Fluor by 3.4% during the 1st quarter. First Trust Advisors LP now owns 12,488 shares of the construction company’s stock worth $358,000 after purchasing an additional 411 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Fluor by 4.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock worth $268,000 after purchasing an additional 414 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

NYSE FLR opened at $39.20 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $6.67 billion, a P/E ratio of 70.00, a P/E/G ratio of 3.20 and a beta of 2.12. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. The firm has a 50-day moving average price of $39.59 and a two-hundred day moving average price of $38.09.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that Fluor Co. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FLR. Citigroup lifted their target price on shares of Fluor from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. TheStreet downgraded shares of Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. KeyCorp began coverage on shares of Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Truist Financial reaffirmed a “buy” rating and set a $46.00 target price on shares of Fluor in a report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.