Russell Investments Group Ltd. Has $7.40 Million Position in Fluor Co. (NYSE:FLR)

Russell Investments Group Ltd. raised its stake in Fluor Co. (NYSE:FLR) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 188,871 shares of the construction company’s stock after buying an additional 16,212 shares during the period. Russell Investments Group Ltd.’s holdings in Fluor were worth $7,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Fluor by 3,488.5% during 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 acquiring an additional 592,418 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Fluor in the 3rd quarter valued at $12,724,000. Jacobs Levy Equity Management Inc. grew its holdings in Fluor by 82.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 608,786 shares of the construction company’s stock valued at $22,342,000 after buying an additional 274,264 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Fluor by 1.4% during the third quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock worth $653,546,000 after buying an additional 243,371 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Fluor by 12.6% in the third quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock valued at $72,494,000 after acquiring an additional 220,962 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Performance

Fluor stock opened at $38.51 on Wednesday. The stock has a market cap of $6.55 billion, a PE ratio of 22.39, a P/E/G ratio of 3.08 and a beta of 2.11. The company has a quick ratio of 1.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. The business’s 50-day moving average price is $39.85 and its two-hundred day moving average price is $38.47.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. Fluor’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts expect that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Citigroup raised their price objective on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Truist Financial reissued a “buy” rating and set a $47.00 target price (up from $46.00) on shares of Fluor in a report on Monday. KeyCorp assumed coverage on Fluor in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Robert W. Baird increased their price objective on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.00.

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.