Glenview Trust co Reduces Stock Position in Fluor Co. (NYSE:FLR)

Glenview Trust co reduced its holdings in shares of Fluor Co. (NYSE:FLR) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,051 shares of the construction company’s stock after selling 3,023 shares during the quarter. Glenview Trust co’s holdings in Fluor were worth $3,060,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FLR. Cornerstone Wealth Management LLC acquired a new position in Fluor during the 4th quarter worth $484,000. Exchange Traded Concepts LLC increased its holdings in Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after buying an additional 32,472 shares during the last quarter. Aequim Alternative Investments LP raised its stake in Fluor by 6.0% during the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock valued at $35,437,000 after buying an additional 41,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Fluor by 27.9% during 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 buying an additional 457,220 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Fluor by 67.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company’s stock worth $2,345,000 after acquiring an additional 19,836 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays set a $40.00 price objective on Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Truist Financial lowered their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Robert W. Baird lowered their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, DA Davidson cut their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Stock Performance

FLR opened at $36.84 on Monday. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10. The stock has a market cap of $6.22 billion, a PE ratio of 3.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The business’s 50 day moving average is $44.41 and its 200-day moving average is $48.75. 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 (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

Fluor 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.