Strs Ohio Acquires 500 Shares of Fluor Co. (NYSE:FLR)

Strs Ohio increased its holdings in Fluor Co. (NYSE:FLR) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,600 shares of the construction company’s stock after purchasing an additional 500 shares during the period. Strs Ohio’s holdings in Fluor were worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FLR. Mackay Shields LLC bought a new stake in Fluor in the third quarter worth $31,143,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Fluor by 3,488.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,400 shares of the construction company’s stock worth $22,365,000 after purchasing an additional 592,418 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Fluor in the third quarter worth $12,724,000. Jacobs Levy Equity Management Inc. boosted its holdings in Fluor by 82.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 608,786 shares of the construction company’s stock valued at $22,342,000 after acquiring an additional 274,264 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Fluor by 1.4% during the third 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 during the period. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Performance

NYSE:FLR opened at $40.64 on Friday. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. 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 firm has a market capitalization of $6.92 billion, a PE ratio of 72.57, a price-to-earnings-growth ratio of 3.20 and a beta of 2.12. The firm has a 50-day moving average price of $39.47 and a 200 day moving average price of $38.25.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on FLR. Truist Financial restated a “buy” rating and set a $46.00 price target on shares of Fluor in a report on Monday, March 25th. Citigroup upped their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Finally, KeyCorp initiated coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Five 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.com, the company currently has an average rating of “Hold” and a consensus target price of $43.17.

Fluor 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.