Russell Investments Group Ltd. Sells 36,070 Shares of Fluor Co. (NYSE:FLR)

Russell Investments Group Ltd. reduced its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,835 shares of the construction company's stock after selling 36,070 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Fluor worth $10,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Fluor by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock worth $872,871,000 after buying an additional 168,822 shares during the period. Geode Capital Management LLC raised its stake in Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock worth $190,953,000 after buying an additional 51,018 shares in the last quarter. Alliancebernstein L.P. boosted its position in Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock valued at $152,596,000 after purchasing an additional 107,327 shares in the last quarter. Artemis Investment Management LLP grew its position in shares of Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after buying an additional 412,312 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of 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. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. 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 note on Wednesday, January 29th. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Truist Financial reduced their price objective on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Baird R W cut Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.43.

Fluor Trading Up 0.6 %

Shares of NYSE FLR traded up $0.19 during mid-day trading on Thursday, hitting $33.74. 335,784 shares of the company traded hands, compared to its average volume of 2,145,949. The business has a 50 day moving average of $37.22 and a two-hundred day moving average of $46.75. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 2.78, a PEG ratio of 1.36 and a beta of 1.66. 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 1 year low of $29.20 and a 1 year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The company had revenue of $4.26 billion for 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, sell-side analysts anticipate that Fluor Co. will post 2.5 earnings per share 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.