Intech Investment Management LLC Grows Stake in Fluor Co. (NYSE:FLR)

Intech Investment Management LLC grew its holdings in shares of Fluor Co. (NYSE:FLR) by 70.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,336 shares of the construction company’s stock after buying an additional 48,831 shares during the period. Intech Investment Management LLC owned 0.07% of Fluor worth $5,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Fluor in the fourth quarter worth about $33,000. Smartleaf Asset Management LLC boosted its position in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after acquiring an additional 287 shares in the last quarter. Quarry LP grew its holdings in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after acquiring an additional 942 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock worth $77,000 after acquiring an additional 1,388 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 0.5 %

NYSE:FLR opened at $37.15 on Wednesday. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 3.05, a PEG ratio of 1.36 and a beta of 1.73. The company’s 50 day moving average price is $43.85 and its 200-day moving average price is $48.57. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on FLR shares. Citigroup reduced their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barclays set a $40.00 price target on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Truist Financial dropped their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird decreased their target price on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, DA Davidson dropped their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.