Fmr LLC Has $678.48 Million Holdings in Fluor Co. (NYSE:FLR)

FMR LLC cut its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,756,750 shares of the construction company's stock after selling 19,395 shares during the period. FMR LLC owned 8.02% of Fluor worth $678,483,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FLR. Cornerstone Wealth Management LLC acquired a new position in shares of Fluor in the fourth quarter valued at about $484,000. Quantbot Technologies LP acquired a new position in shares of Fluor during the 4th quarter worth approximately $3,667,000. Exchange Traded Concepts LLC grew its position in Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after buying an additional 32,472 shares in the last quarter. Aequim Alternative Investments LP lifted its position in shares of Fluor by 6.0% during the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company's stock valued at $35,437,000 after acquiring an additional 41,800 shares during the period. Finally, Cinctive Capital Management LP acquired a new stake in shares of Fluor during the 4th quarter worth $1,131,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FLR shares. Barclays set a $40.00 price target on Fluor and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Truist Financial decreased their target price on Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup lowered their price target on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Three investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of $49.43.

Fluor Trading Up 1.1 %

NYSE:FLR traded up $0.35 on Monday, reaching $33.63. 285,353 shares of the stock traded hands, compared to its average volume of 2,140,641. The company's 50 day moving average is $38.11 and its 200-day moving average is $47.03. 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 1-year low of $29.20 and a 1-year high of $60.10. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 2.76, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

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 the consensus estimate of $0.78 by ($0.30). The business 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%. Equities research analysts anticipate that Fluor Co. will post 2.5 EPS 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.