Mutual of America Capital Management LLC Sells 3,454 Shares of Fluor Co. (NYSE:FLR)

Mutual of America Capital Management LLC lessened its position in shares of Fluor Co. (NYSE:FLRFree Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,507 shares of the construction company’s stock after selling 3,454 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Fluor worth $4,292,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Insight Wealth Strategies LLC acquired a new position in shares of Fluor during the 4th quarter worth about $1,020,000. Goldman Sachs Group Inc. boosted its stake in shares of Fluor by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock worth $31,108,000 after buying an additional 53,398 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Fluor by 18.5% during the 4th quarter. Principal Financial Group Inc. now owns 631,381 shares of the construction company’s stock worth $24,731,000 after buying an additional 98,381 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of Fluor by 18.0% during the 1st quarter. Hennessy Advisors Inc. now owns 810,700 shares of the construction company’s stock worth $34,276,000 after buying an additional 123,500 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Fluor during the 1st quarter worth about $1,368,000. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 2.5 %

Shares of FLR stock opened at $44.77 on Thursday. The firm has a 50 day moving average price of $42.38 and a two-hundred day moving average price of $40.27. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $7.66 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.99. Fluor Co. has a 12-month low of $29.94 and a 12-month high of $45.75.

Fluor (NYSE:FLRGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. As a group, analysts predict that Fluor Co. will post 2.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of Fluor from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Robert W. Baird raised their target price on shares of Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Citigroup raised their target price on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.17.

View Our Latest Stock Analysis on Fluor

About Fluor

(Free Report)

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.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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