Vanguard Group Inc. Grows Stock Position in Fluor Co. (NYSE:FLR)

Vanguard Group Inc. raised its position in Fluor Co. (NYSE:FLR - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,698,120 shares of the construction company's stock after buying an additional 168,822 shares during the period. Vanguard Group Inc. owned about 10.32% of Fluor worth $872,871,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of Fluor by 19.3% during the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Fluor during the fourth quarter worth $1,027,000. American Century Companies Inc. raised its position in shares of Fluor by 1.7% in the fourth quarter. American Century Companies Inc. now owns 57,664 shares of the construction company's stock valued at $2,844,000 after buying an additional 973 shares during the last quarter. Virtu Financial LLC boosted its position in Fluor by 39.9% during the fourth quarter. Virtu Financial LLC now owns 17,536 shares of the construction company's stock worth $865,000 after acquiring an additional 5,005 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Fluor during the 4th quarter valued at about $3,667,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on FLR. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Wednesday. Truist Financial lowered their price target on shares of Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. KeyCorp lifted their target price on shares of Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, DA Davidson reduced their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.29.

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Fluor Trading Down 8.8 %

NYSE FLR traded down $3.26 on Thursday, reaching $33.96. The stock had a trading volume of 2,804,801 shares, compared to its average volume of 2,085,608. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $40.65 and a two-hundred day moving average price of $47.81. Fluor Co. has a 12-month low of $33.85 and a 12-month high of $60.10. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 2.79, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR - Get Free Report) last posted 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 firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, sell-side analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

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.