Fluor Co. (NYSE:FLR) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in shares of Fluor Co. (NYSE:FLR) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,386 shares of the construction company’s stock after acquiring an additional 34,375 shares during the period. Retirement Systems of Alabama owned about 0.13% of Fluor worth $8,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FLR. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Fluor by 3,488.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,400 shares of the construction company’s stock worth $22,365,000 after acquiring an additional 592,418 shares during the period. Nomura Holdings Inc. purchased a new position in Fluor during the third quarter worth approximately $12,724,000. Jacobs Levy Equity Management Inc. grew its holdings in Fluor by 82.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 608,786 shares of the construction company’s stock valued at $22,342,000 after purchasing an additional 274,264 shares during the period. Wellington Management Group LLP increased its position in shares of Fluor by 1.4% in the third 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. Finally, Victory Capital Management Inc. lifted its position in shares of Fluor by 12.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock valued at $72,494,000 after buying an additional 220,962 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FLR shares. KeyCorp initiated coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Truist Financial reiterated a “buy” rating and set a $46.00 price objective on shares of Fluor in a research note on Monday, March 25th. Finally, Citigroup lifted their price target on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.17.

Fluor Stock Down 5.7 %

Shares of NYSE:FLR opened at $38.90 on Friday. Fluor Co. has a 52-week low of $25.69 and a 52-week high of $43.24. The stock has a market cap of $6.62 billion, a P/E ratio of 69.46, a PEG ratio of 3.20 and a beta of 2.11. The business has a fifty day moving average of $39.70 and a two-hundred day moving average of $38.38. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56.

Fluor (NYSE:FLR) last released 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. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the business earned $0.43 earnings per share. Fluor’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that Fluor Co. will post 2.84 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.