Teacher Retirement System of Texas Grows Position in Fluor Co. (NYSE:FLR)

Teacher Retirement System of Texas increased its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 124.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,070 shares of the construction company's stock after purchasing an additional 27,723 shares during the period. Teacher Retirement System of Texas' holdings in Fluor were worth $2,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. purchased a new stake in Fluor during the 4th quarter valued at approximately $24,849,000. Charles Schwab Investment Management Inc. raised its stake in shares of Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after purchasing an additional 457,220 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after purchasing an additional 412,312 shares during the period. Raymond James Financial Inc. purchased a new position in Fluor in the 4th quarter valued at $13,130,000. Finally, Principal Financial Group Inc. increased its stake 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 buying an additional 254,904 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

FLR has been the topic of several analyst reports. Citigroup lowered their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Truist Financial reduced their price target on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fluor currently has an average rating of "Moderate Buy" and an average target price of $54.71.

Fluor Price Performance

Shares of NYSE FLR traded down $1.01 on Friday, hitting $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 company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The stock has a 50 day moving average of $42.05 and a 200-day moving average of $48.11. Fluor Co. has a 12-month low of $34.01 and a 12-month high of $60.10. The company has a market capitalization 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 (NYSE:FLR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. As a group, research analysts predict that Fluor Co. will post 2.5 EPS for the current 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.