Fluor Co. (NYSE:FLR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Fluor Co. (NYSE:FLR) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,944 shares of the construction company’s stock after selling 484 shares during the period. Nisa Investment Advisors LLC’s holdings in Fluor were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its stake in Fluor by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 169,870 shares of the construction company’s stock valued at $6,654,000 after purchasing an additional 1,659 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Fluor during the fourth quarter valued at approximately $64,000. State of Michigan Retirement System lifted its stake in Fluor by 19.2% during the fourth quarter. State of Michigan Retirement System now owns 40,897 shares of the construction company’s stock valued at $1,602,000 after purchasing an additional 6,600 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Fluor by 7,142.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,014 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its stake in Fluor by 21.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 35,100 shares of the construction company’s stock valued at $1,375,000 after purchasing an additional 6,100 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FLR shares. Citigroup boosted their price target on shares of Fluor from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 26th. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Truist Financial restated a “buy” rating and set a $46.00 price target on shares of Fluor in a report on Monday, March 25th. Finally, KeyCorp started coverage on shares of Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Five equities 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 has an average rating of “Hold” and a consensus price target of $42.83.

Fluor Stock Down 1.9 %

Fluor stock opened at $39.58 on Thursday. The firm has a market cap of $6.74 billion, a PE ratio of 70.68, a P/E/G ratio of 3.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The firm’s 50 day moving average price is $39.61 and its two-hundred day moving average price is $38.08. Fluor Co. has a twelve month low of $25.69 and a twelve month high of $43.24.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the business posted $0.43 EPS. Fluor’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts predict that Fluor Co. will post 2.84 EPS for the current fiscal 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.