Neuberger Berman Group LLC Has $10.46 Million Stock Position in Fluor Co. (NYSE:FLR)

Neuberger Berman Group LLC increased its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 2,667.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 211,974 shares of the construction company's stock after purchasing an additional 204,314 shares during the period. Neuberger Berman Group LLC owned 0.12% of Fluor worth $10,455,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new stake in Fluor in the fourth quarter valued at $484,000. Quantbot Technologies LP acquired a new stake in Fluor during the 4th quarter worth $3,667,000. Exchange Traded Concepts LLC raised its holdings in Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock valued at $2,151,000 after acquiring an additional 32,472 shares during the last quarter. Cinctive Capital Management LP purchased a new position in Fluor during the fourth quarter worth approximately $1,131,000. Finally, LPL Financial LLC grew its stake in shares of Fluor by 19.3% in the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after buying an additional 19,161 shares during the period. Institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

FLR has been the subject of several research reports. Citigroup dropped their target price 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. Robert W. Baird dropped their price target on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Truist Financial decreased their target price on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. KeyCorp decreased their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, DA Davidson dropped their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Fluor has a consensus rating of "Moderate Buy" and an average price target of $49.43.

Fluor Stock Performance

NYSE FLR traded down $0.25 on Wednesday, hitting $33.74. The stock had a trading volume of 708,367 shares, compared to its average volume of 2,142,840. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The company's 50-day moving average is $37.53 and its two-hundred day moving average is $46.85. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 2.77, a P/E/G ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $4.42 billion. On average, analysts expect that Fluor Co. will post 2.5 earnings per share for the current year.

Fluor 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.