Ameriprise Financial Inc. Sells 69,295 Shares of Fluor Co. (NYSE:FLR)

Ameriprise Financial Inc. cut its position in Fluor Co. (NYSE:FLR - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,676 shares of the construction company's stock after selling 69,295 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.31% of Fluor worth $26,515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FLR. Sterling Capital Management LLC boosted its holdings in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after acquiring an additional 408 shares during the period. Golden State Wealth Management LLC bought a new stake in Fluor during the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC boosted its holdings in Fluor by 43.0% during the fourth 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 during the period. 1620 Investment Advisors Inc. bought a new stake in Fluor during the fourth quarter valued at about $57,000. Finally, Venturi Wealth Management LLC boosted its holdings in Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after acquiring an additional 1,388 shares during the period. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of FLR traded down $0.60 during trading hours on Monday, reaching $37.88. 1,570,627 shares of the company traded hands, compared to its average volume of 2,280,878. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The stock has a market cap of $6.24 billion, a P/E ratio of 3.11, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The stock's fifty day moving average is $35.53 and its 200 day moving average is $44.15.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a report on Friday, April 25th. KeyCorp decreased their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. StockNews.com lowered shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. DA Davidson cut their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, UBS Group cut their price objective on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

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.