Fluor Co. (NYSE:FLR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its position in Fluor Co. (NYSE:FLR) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 547,402 shares of the construction company’s stock after purchasing an additional 9,338 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of Fluor worth $26,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Westfield Capital Management Co. LP purchased a new position in shares of Fluor in the 3rd quarter valued at $39,289,000. Charles Schwab Investment Management Inc. grew its position in shares of Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after buying an additional 412,312 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Fluor by 42.1% in the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock valued at $41,077,000 after buying an additional 254,904 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Fluor in the 3rd quarter valued at $9,542,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Down 0.4 %

FLR stock opened at $39.58 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. Fluor Co. has a one year low of $35.04 and a one year high of $60.10. The company has a fifty day moving average of $49.31 and a 200-day moving average of $50.14. The stock has a market capitalization of $6.79 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.06 and a beta of 1.89.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. As a group, analysts expect that Fluor Co. will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FLR shares. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Truist Financial lowered their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and an average target price of $55.43.

Insider Activity at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

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.