Sei Investments Co. Has $7.58 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Sei Investments Co. lessened its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,618 shares of the construction company's stock after selling 9,456 shares during the period. Sei Investments Co. owned approximately 0.09% of Fluor worth $7,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after buying an additional 527 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Fluor in the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC raised its stake in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Fluor in the 4th quarter valued at about $57,000. Finally, Quarry LP grew its position in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Trading Down 8.8 %

FLR traded down $3.26 during trading on Thursday, reaching $33.96. 2,804,036 shares of the company's stock were exchanged, compared to its average volume of 2,082,706. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor Co. has a one year low of $33.53 and a one year high of $60.10. The firm has a fifty day moving average price of $41.08 and a two-hundred day moving average price of $47.91. The stock has a market capitalization of $5.71 billion, a PE ratio of 2.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.

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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 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. As a group, equities research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FLR shares. Truist Financial cut 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. Robert W. Baird dropped their price target on Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, DA Davidson dropped their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and an average target price of $54.29.

About Fluor

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.