Raymond James Financial Services Advisors Inc. Sells 4,175 Shares of Fluor Co. (NYSE:FLR)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Fluor Co. (NYSE:FLR) by 43.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,438 shares of the construction company’s stock after selling 4,175 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Fluor were worth $213,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Fluor by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock valued at $653,546,000 after acquiring an additional 243,371 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Fluor by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,390,483 shares of the construction company’s stock worth $528,131,000 after buying an additional 106,478 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Fluor by 12.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock worth $72,494,000 after buying an additional 220,962 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fluor by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,302,149 shares of the construction company’s stock worth $47,789,000 after buying an additional 76,044 shares in the last quarter. Finally, Mackay Shields LLC acquired a new position in shares of Fluor in the 3rd quarter worth approximately $31,143,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FLR shares. Citigroup increased their target price on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday. TheStreet cut Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Truist Financial reaffirmed a “buy” rating and set a $46.00 price target on shares of Fluor in a report on Monday, March 25th. Finally, KeyCorp initiated coverage on Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $43.17.

Fluor Stock Down 0.2 %

Shares of FLR opened at $40.29 on Thursday. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 71.95, a PEG ratio of 3.13 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The business’s fifty day moving average price is $39.51 and its two-hundred day moving average price is $38.23. Fluor Co. has a 52 week low of $25.69 and a 52 week high of $43.24.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, analysts predict that Fluor Co. will post 2.84 earnings per share 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. 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.