Prudential Financial Inc. cut its stake in Fluor Co. (NYSE:FLR - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 377,299 shares of the construction company's stock after selling 7,928 shares during the quarter. Prudential Financial Inc. owned about 0.22% of Fluor worth $18,608,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in FLR. Versant Capital Management Inc grew its stake in Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after purchasing an additional 527 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Fluor in the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its stake in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Fluor during the fourth quarter valued at approximately $57,000. Finally, Quarry LP boosted its stake in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after acquiring an additional 942 shares in the last quarter. 88.07% of the stock is owned by institutional investors.
Fluor Stock Performance
FLR traded down $0.37 during trading on Monday, reaching $35.82. 2,064,075 shares of the company's stock were exchanged, compared to its average volume of 2,072,780. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10. The company's fifty day simple moving average is $41.76 and its 200-day simple moving average is $48.05. The stock has a market capitalization of $6.02 billion, a P/E ratio of 2.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.
Fluor (NYSE:FLR - Get Free Report) last issued 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). The business had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, research analysts predict that Fluor Co. will post 2.5 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Citigroup decreased their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Truist Financial decreased their price target on 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. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a research report on Tuesday, March 25th. Finally, Robert W. Baird dropped their target price on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $54.71.
Check Out Our Latest Stock Report on Fluor
About Fluor
(
Free Report)
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.
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