Castleark Management LLC Sells 28,990 Shares of Fluor Co. (NYSE:FLR)

Castleark Management LLC decreased its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,480 shares of the construction company's stock after selling 28,990 shares during the quarter. Castleark Management LLC owned about 0.07% of Fluor worth $5,695,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after acquiring an additional 241 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Fluor by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after acquiring an additional 264 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the period. Highland Capital Management LLC boosted its stake in shares of Fluor by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company's stock worth $229,000 after acquiring an additional 288 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Fluor by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,954 shares of the construction company's stock worth $1,724,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analysts Set New Price Targets

FLR has been the subject of several research analyst reports. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Truist Financial boosted their price target on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen downgraded Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. DA Davidson reduced their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, Robert W. Baird set a $41.00 price target on Fluor in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Performance

FLR traded up $3.52 during trading on Friday, hitting $41.10. The stock had a trading volume of 8,244,465 shares, compared to its average volume of 2,329,295. The company has a 50 day moving average price of $35.70 and a 200-day moving average price of $43.76. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 3.37, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a one year low of $29.20 and a one year high of $60.10.

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

Fluor 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.