Fluor Co. (NYSE:FLR) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Fluor Co. (NYSE:FLR) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,871 shares of the construction company’s stock after acquiring an additional 16,212 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Fluor worth $7,398,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Yousif Capital Management LLC lifted its holdings in shares of Fluor by 17.8% during the 4th quarter. Yousif Capital Management LLC now owns 72,570 shares of the construction company’s stock valued at $2,843,000 after acquiring an additional 10,975 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Fluor in the fourth quarter worth about $27,000. CWM LLC grew its stake in shares of Fluor by 182.4% in the fourth quarter. CWM LLC now owns 1,717 shares of the construction company’s stock valued at $67,000 after buying an additional 1,109 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Fluor by 13.7% during the 4th quarter. Signaturefd LLC now owns 6,885 shares of the construction company’s stock valued at $270,000 after buying an additional 829 shares during the period. Finally, Xponance Inc. lifted its position in Fluor by 12.3% during the 4th quarter. Xponance Inc. now owns 23,200 shares of the construction company’s stock worth $909,000 after acquiring an additional 2,543 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FLR has been the topic of a number of recent research reports. KeyCorp began coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Citigroup raised their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Robert W. Baird boosted their price target on Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $47.00 target price (up from $46.00) on shares of Fluor in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

Fluor Price Performance

Shares of FLR opened at $38.51 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 3.08 and a beta of 2.11. Fluor Co. has a 52 week low of $25.69 and a 52 week high of $43.24. The stock has a 50 day moving average of $39.85 and a 200-day moving average of $38.47.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Fluor Co. will post 2.84 EPS 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.