Intech Investment Management LLC Raises Holdings in Fluor Co. (NYSE:FLR)

Intech Investment Management LLC grew its position in Fluor Co. (NYSE:FLR - Free Report) by 70.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,336 shares of the construction company's stock after purchasing an additional 48,831 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of Fluor worth $5,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Fluor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock worth $190,953,000 after acquiring an additional 51,018 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 increased its stake in Fluor by 49.1% in the fourth 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 during the last quarter. Hennessy Advisors Inc. raised its holdings in Fluor by 13.1% during the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company's stock worth $51,322,000 after purchasing an additional 120,800 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Fluor by 24.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company's stock worth $46,458,000 after buying an additional 193,071 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Fluor Stock Performance

Fluor stock traded up $0.05 during trading hours on Friday, reaching $37.72. 5,006,253 shares of the stock were exchanged, compared to its average volume of 1,992,010. The stock has a market cap of $6.34 billion, a P/E ratio of 3.09, a P/E/G ratio of 1.36 and a beta of 1.73. The firm's 50 day moving average is $43.19 and its 200 day moving average is $48.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a 52-week low of $34.01 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FLR shares. Truist Financial decreased their price objective on shares of Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. DA Davidson reduced 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. 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 research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Fluor presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.71.

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.