Fluor Co. (NYSE:FLR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 66.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 331,759 shares of the construction company's stock after selling 642,916 shares during the period. Victory Capital Management Inc. owned 0.19% of Fluor worth $16,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new position in Fluor in the 4th quarter valued at about $484,000. Exchange Traded Concepts LLC increased its position in Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock valued at $2,151,000 after acquiring an additional 32,472 shares during the period. Aequim Alternative Investments LP increased its position in Fluor by 6.0% in the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company's stock valued at $35,437,000 after acquiring an additional 41,800 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Fluor by 139.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock valued at $819,000 after purchasing an additional 9,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 valued at $100,092,000 after purchasing an additional 457,220 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on FLR shares. StockNews.com lowered Fluor from a "buy" rating to a "hold" rating in a report on Sunday, March 9th. Truist Financial lowered their price objective on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report 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. Finally, Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.71.

Fluor Price Performance

FLR stock traded up $1.90 on Friday, reaching $36.84. The company had a trading volume of 2,861,363 shares, compared to its average volume of 3,304,636. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company's fifty day moving average is $44.41 and its 200 day moving average is $48.75. The company has a market cap of $6.22 billion, a P/E ratio of 3.02, a PEG ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, research analysts forecast 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.