Anchor Capital Advisors LLC lessened its position in Fluor Co. (NYSE:FLR - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,030,635 shares of the construction company's stock after selling 76,437 shares during the period. Fluor comprises approximately 1.4% of Anchor Capital Advisors LLC's holdings, making the stock its 14th biggest holding. Anchor Capital Advisors LLC owned about 0.60% of Fluor worth $50,831,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in FLR. Westfield Capital Management Co. LP acquired a new stake in shares of Fluor in the 3rd quarter valued at $39,289,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock valued at $100,092,000 after purchasing an additional 457,220 shares in the last quarter. Artemis Investment Management LLP boosted its stake in shares of Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after purchasing an additional 412,312 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Fluor during the 3rd quarter worth about $9,542,000. Institutional investors and hedge funds own 88.07% of the company's stock.
Fluor Trading Down 3.1 %
NYSE:FLR traded down $1.16 on Monday, hitting $36.87. 3,479,196 shares of the stock were exchanged, compared to its average volume of 3,262,362. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.89. Fluor Co. has a 52 week low of $36.00 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company's 50-day moving average price is $46.96 and its 200 day moving average price is $49.58.
Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. On average, equities research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on FLR. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research report on Saturday. Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. KeyCorp upped their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Truist Financial reduced their price target on shares of Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.71.
Read Our Latest Report on Fluor
Insider Activity
In other news, insider Thomas P. D'agostino sold 7,681 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares of the company's stock, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.
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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