Thrivent Financial for Lutherans Reduces Position in Fluor Co. (NYSE:FLR)

Thrivent Financial for Lutherans decreased its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 63.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 732,101 shares of the construction company's stock after selling 1,272,674 shares during the period. Thrivent Financial for Lutherans owned about 0.43% of Fluor worth $36,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its position 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. Charles Schwab Investment Management Inc. increased its holdings in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Artemis Investment Management LLP raised its stake in Fluor by 49.1% during the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after acquiring an additional 412,312 shares during the period. Hennessy Advisors Inc. lifted its holdings in Fluor by 13.1% during the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company's stock valued at $51,322,000 after purchasing an additional 120,800 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Fluor by 24.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company's stock worth $46,458,000 after purchasing an additional 193,071 shares during the period. 88.07% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

FLR has been the topic of a number of analyst reports. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. DA Davidson cut their target price on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price target on Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fluor has an average rating of "Moderate Buy" and an average price target of $54.71.

Fluor Price Performance

Shares of NYSE FLR traded up $1.40 during midday trading on Monday, reaching $39.06. 2,617,773 shares of the stock traded hands, compared to its average volume of 1,994,512. The company's 50 day moving average is $43.19 and its 200 day moving average is $48.35. Fluor Co. has a one year low of $34.01 and a one year high of $60.10. 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 stock has a market capitalization of $6.56 billion, a PE ratio of 3.20, a P/E/G ratio of 1.36 and a beta of 1.73.

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 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 net margin of 13.14% and a return on equity of 15.14%. On average, equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current 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.