Great Lakes Advisors LLC Decreases Position in Fluor Co. (NYSE:FLR)

Great Lakes Advisors LLC trimmed its position in shares of Fluor Co. (NYSE:FLR) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 317,655 shares of the construction company’s stock after selling 10,093 shares during the quarter. Great Lakes Advisors LLC’s holdings in Fluor were worth $15,667,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FLR. Crossmark Global Holdings Inc. boosted its position in Fluor by 4.7% during the third quarter. Crossmark Global Holdings Inc. now owns 8,510 shares of the construction company’s stock worth $406,000 after purchasing an additional 381 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Fluor by 139.1% in the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after acquiring an additional 9,992 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Fluor by 5.9% in the third quarter. Wolverine Asset Management LLC now owns 9,000 shares of the construction company’s stock worth $429,000 after acquiring an additional 500 shares during the last quarter. MQS Management LLC acquired a new position in shares of Fluor in the third quarter worth $289,000. Finally, KBC Group NV raised its holdings in shares of Fluor by 11.2% in the third quarter. KBC Group NV now owns 4,544 shares of the construction company’s stock worth $217,000 after acquiring an additional 456 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com cut Fluor from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Robert W. Baird cut their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Truist Financial dropped their target price on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, KeyCorp upped their target price on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.71.

Fluor Stock Performance

Fluor stock opened at $35.56 on Thursday. The firm has a market capitalization of $6.00 billion, a P/E ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.73. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $44.98 and a 200 day moving average price of $48.94. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 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%. Equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current 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.