Securian Asset Management Inc. Has $639,000 Stake in Fluor Co. (NYSE:FLR)

Securian Asset Management Inc. lowered its position in Fluor Co. (NYSE:FLR) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,966 shares of the construction company’s stock after selling 353 shares during the period. Securian Asset Management Inc.’s holdings in Fluor were worth $639,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC lifted its position in shares of Fluor by 24.6% in the 4th quarter. Truvestments Capital LLC now owns 23,373 shares of the construction company’s stock worth $1,153,000 after purchasing an additional 4,616 shares during the period. HighTower Advisors LLC lifted its position in shares of Fluor by 2.8% during the 4th quarter. HighTower Advisors LLC now owns 34,881 shares of the construction company’s stock valued at $1,720,000 after acquiring an additional 959 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Fluor during the 4th quarter valued at $232,000. Independent Advisor Alliance lifted its position in shares of Fluor by 6.1% during the 4th quarter. Independent Advisor Alliance now owns 12,849 shares of the construction company’s stock valued at $634,000 after acquiring an additional 739 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Fluor by 2.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,374 shares of the construction company’s stock valued at $1,498,000 after acquiring an additional 869 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE FLR opened at $36.84 on Monday. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 3.02, a PEG ratio of 1.36 and a beta of 1.73. The company has a fifty day moving average price of $44.41 and a 200-day moving average price of $48.75.

Fluor (NYSE:FLR) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. As a group, equities research analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson dropped their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 target price on shares of Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Citigroup dropped their target price 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. Finally, StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

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.