Clearbridge Investments LLC Takes $25.06 Million Position in Fluor Co. (NYSE:FLR)

Clearbridge Investments LLC purchased 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 & Exchange Commission. The fund purchased 508,035 shares of the construction company's stock, valued at approximately $25,056,000. Clearbridge Investments LLC owned 0.30% of Fluor as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FLR. Versant Capital Management Inc boosted its stake in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after acquiring an additional 527 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Fluor during the 4th quarter worth about $33,000. Smartleaf Asset Management LLC grew its stake in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Fluor during the 4th quarter worth approximately $57,000. Finally, Quarry LP boosted its holdings in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after acquiring an additional 942 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays set a $40.00 target price on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. KeyCorp lifted 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. Truist Financial lowered their price target on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup reduced their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.29.

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Fluor Stock Performance

Shares of Fluor stock traded down $3.26 during trading hours on Thursday, reaching $33.96. The company had a trading volume of 2,804,801 shares, compared to its average volume of 2,085,606. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a one year low of $33.53 and a one year high of $60.10. The firm has a market cap of $5.71 billion, a PE ratio of 2.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The business has a fifty day simple moving average of $40.65 and a 200 day simple moving average of $47.81.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.