Mutual of America Capital Management LLC Acquires 11,764 Shares of Fluor Co. (NYSE:FLR)

Mutual of America Capital Management LLC boosted its holdings in Fluor Co. (NYSE:FLR) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,961 shares of the construction company’s stock after purchasing an additional 11,764 shares during the period. Mutual of America Capital Management LLC’s holdings in Fluor were worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. Allspring Global Investments Holdings LLC boosted its holdings in shares of Fluor by 91.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,845 shares of the construction company’s stock valued at $464,000 after buying an additional 5,666 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Fluor during the 4th quarter worth about $64,000. New York State Teachers Retirement System raised its holdings in shares of Fluor by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 169,870 shares of the construction company’s stock valued at $6,654,000 after purchasing an additional 1,659 shares during the period. State of Michigan Retirement System lifted its stake in Fluor by 19.2% in the 4th quarter. State of Michigan Retirement System now owns 40,897 shares of the construction company’s stock valued at $1,602,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in Fluor by 7,142.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,014 shares of the construction company’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of Fluor stock opened at $40.37 on Wednesday. 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 stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 72.09, a price-to-earnings-growth ratio of 3.24 and a beta of 2.12. Fluor Co. has a twelve month low of $25.69 and a twelve month high of $43.24. The company has a 50-day simple moving average of $39.62 and a two-hundred day simple moving average of $38.07.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that Fluor Co. will post 2.84 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Fluor in a research report on Monday, March 25th. Citigroup raised their price target on Fluor from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 26th. KeyCorp began coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, TheStreet downgraded shares of Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.83.

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.