Strs Ohio Purchases 500 Shares of Fluor Co. (NYSE:FLR)

Strs Ohio grew its stake in shares of Fluor Co. (NYSE:FLR) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,600 shares of the construction company’s stock after buying an additional 500 shares during the period. Strs Ohio’s holdings in Fluor were worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FLR. Mackay Shields LLC purchased a new position in shares of Fluor during the 3rd quarter valued at about $31,143,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Fluor by 3,488.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,400 shares of the construction company’s stock valued at $22,365,000 after buying an additional 592,418 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Fluor during the 3rd quarter valued at about $12,724,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Fluor by 82.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 608,786 shares of the construction company’s stock valued at $22,342,000 after buying an additional 274,264 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Fluor by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock valued at $653,546,000 after buying an additional 243,371 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TheStreet cut Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. KeyCorp assumed coverage on Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Citigroup boosted their price target on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Truist Financial reissued a “buy” rating and issued a $46.00 price target on shares of Fluor in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.17.

Fluor Stock Up 0.8 %

Shares of FLR opened at $40.64 on Friday. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 72.57, a price-to-earnings-growth ratio of 3.20 and a beta of 2.12. Fluor Co. has a 1 year low of $25.69 and a 1 year high of $43.24. The business’s 50 day simple moving average is $39.47 and its 200-day simple moving average is $38.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, equities analysts expect that Fluor Co. will post 2.84 earnings per share for the current fiscal 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.