Fluor Co. (NYSE:FLR) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in Fluor Co. (NYSE:FLR) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,788 shares of the construction company’s stock after selling 565 shares during the period. PNC Financial Services Group Inc.’s holdings in Fluor were worth $501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Fluor during the fourth quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in shares of Fluor during the fourth quarter worth about $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Fluor during the fourth quarter worth about $34,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Fluor during the fourth quarter worth about $36,000. Finally, Spire Wealth Management grew its holdings in shares of Fluor by 59.2% during the fourth quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock worth $37,000 after buying an additional 375 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

NYSE:FLR opened at $43.06 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a 50-day moving average of $41.72 and a two-hundred day moving average of $39.97. The stock has a market cap of $7.37 billion, a P/E ratio of 25.03, a PEG ratio of 2.39 and a beta of 2.03. Fluor Co. has a 1-year low of $28.02 and a 1-year high of $45.75.

Fluor (NYSE:FLR) last posted its quarterly earnings data 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). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. On average, research analysts expect that Fluor Co. will post 2.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Truist Financial reissued a “buy” rating and set a $47.00 price target (up previously from $46.00) on shares of Fluor in a report on Monday, May 6th. Finally, Robert W. Baird lifted their price objective on Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Fluor currently has a consensus rating of “Hold” and an average price target of $44.00.

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.