Corebridge Financial Inc. reduced its stake in Fluor Co. (NYSE:FLR - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,778 shares of the construction company's stock after selling 14,805 shares during the period. Corebridge Financial Inc. owned 0.16% of Fluor worth $13,700,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Fluor by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock valued at $872,871,000 after buying an additional 168,822 shares in the last quarter. LPL Financial LLC raised its position in shares of Fluor by 19.3% during the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Fluor in the 4th quarter worth $1,027,000. American Century Companies Inc. grew its position in Fluor by 1.7% in the 4th quarter. American Century Companies Inc. now owns 57,664 shares of the construction company's stock valued at $2,844,000 after purchasing an additional 973 shares during the period. Finally, Virtu Financial LLC increased its stake in Fluor by 39.9% during the 4th quarter. Virtu Financial LLC now owns 17,536 shares of the construction company's stock valued at $865,000 after purchasing an additional 5,005 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.
Fluor Stock Performance
NYSE:FLR traded down $1.01 during trading on Friday, reaching $36.15. The company's stock had a trading volume of 2,236,586 shares, compared to its average volume of 2,072,815. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 2.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor Co. has a 12 month low of $34.01 and a 12 month 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 firm has a 50 day moving average of $42.05 and a 200-day moving average of $48.11.
Fluor (NYSE:FLR - Get Free Report) last posted 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). The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Research analysts expect that Fluor Co. will post 2.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. KeyCorp raised their target price on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Robert W. Baird decreased their price target on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.71.
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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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