Dimensional Fund Advisors LP Purchases 25,528 Shares of Fluor Co. (NYSE:FLR)

Dimensional Fund Advisors LP grew its holdings in Fluor Co. (NYSE:FLR - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,515,911 shares of the construction company's stock after purchasing an additional 25,528 shares during the period. Dimensional Fund Advisors LP owned approximately 1.47% of Fluor worth $124,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FLR. Clearbridge Investments LLC bought a new position in shares of Fluor in the fourth quarter worth $25,056,000. Cookson Peirce & Co. Inc. purchased a new position in Fluor during the 4th quarter valued at about $24,849,000. Artemis Investment Management LLP increased its position in shares of Fluor by 49.1% during the fourth 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 period. Raymond James Financial Inc. purchased a new stake in shares of Fluor in the fourth quarter worth about $13,130,000. Finally, Principal Financial Group Inc. boosted its position in shares of Fluor by 42.1% in the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after acquiring an additional 254,904 shares during the period. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

FLR has been the subject of several analyst reports. Citigroup cut 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. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Truist Financial cut their price objective on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, DA Davidson lowered their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Fluor presently has a consensus rating of "Moderate Buy" and an average target price of $45.57.

Fluor Stock Performance

FLR traded up $0.93 during mid-day trading on Thursday, reaching $35.82. 2,464,308 shares of the company traded hands, compared to its average volume of 2,206,538. The company's fifty day moving average price is $35.47 and its 200-day moving average price is $45.73. The stock has a market capitalization of $6.02 billion, a P/E ratio of 2.95, a P/E/G ratio of 1.36 and a beta of 1.66. 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 Co. has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted 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). The company 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, sell-side analysts expect that Fluor Co. will post 2.5 EPS for the current year.

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.