Loomis Sayles & Co. L P Acquires New Holdings in Fluor Co. (NYSE:FLR)

Loomis Sayles & Co. L P acquired a new stake in Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 106,013 shares of the construction company's stock, valued at approximately $5,228,000. Loomis Sayles & Co. L P owned 0.06% of Fluor at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FLR. Cookson Peirce & Co. Inc. bought a new position in Fluor during the 4th quarter worth $24,849,000. Artemis Investment Management LLP grew its stake in shares of Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after acquiring an additional 412,312 shares in the last quarter. Raymond James Financial Inc. bought a new position in Fluor during the fourth quarter worth about $13,130,000. Principal Financial Group Inc. boosted its holdings in Fluor by 42.1% in the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after purchasing an additional 254,904 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Fluor during the 3rd quarter worth approximately $9,542,000. Institutional investors own 88.07% of the company's stock.

Fluor Price Performance

NYSE FLR traded down $3.28 during trading on Thursday, hitting $33.94. 643,180 shares of the company's stock were exchanged, compared to its average volume of 2,074,578. The company has a market cap of $5.70 billion, a PE ratio of 2.78, a P/E/G ratio of 1.36 and a beta of 1.73. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor Co. has a fifty-two week low of $33.88 and a fifty-two week high of $60.10. The stock's 50 day moving average price is $41.08 and its two-hundred day moving average price is $47.91.

Remove Ads

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Research analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. KeyCorp upped their target price on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Baird R W downgraded Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. DA Davidson reduced their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Fluor has an average rating of "Moderate Buy" and a consensus price target of $54.29.

About Fluor

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.