Meeder Asset Management Inc. Takes $1.97 Million Position in Fluor Co. (NYSE:FLR)

Meeder Asset Management Inc. bought a new position in Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 39,897 shares of the construction company's stock, valued at approximately $1,968,000.

A number of other large investors also recently modified their holdings of FLR. Cerity Partners LLC increased its position in Fluor by 64.0% in the third quarter. Cerity Partners LLC now owns 64,029 shares of the construction company's stock worth $3,055,000 after purchasing an additional 24,979 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fluor by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company's stock worth $13,049,000 after purchasing an additional 7,242 shares during the period. Captrust Financial Advisors lifted its stake in Fluor by 1.8% in the third quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company's stock worth $891,000 after acquiring an additional 329 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in Fluor in the third quarter worth approximately $8,165,000. Finally, Point72 Hong Kong Ltd boosted its position in Fluor by 366.3% during the third quarter. Point72 Hong Kong Ltd now owns 37,399 shares of the construction company's stock valued at $1,784,000 after purchasing an additional 29,378 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of NYSE:FLR traded down $3.18 during trading on Thursday, reaching $34.04. 1,929,974 shares of the company's stock traded hands, compared to its average volume of 2,080,383. 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 company has a 50 day moving average of $41.08 and a 200-day moving average of $47.91. The stock has a market capitalization of $5.72 billion, a P/E ratio of 2.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor Co. has a 12 month low of $33.88 and a 12 month high of $60.10.

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Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. On average, equities analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on FLR shares. DA Davidson dropped their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Citigroup cut their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial reduced their target price on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. KeyCorp increased their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Finally, Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.29.

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.