HWG Holdings LP Reduces Stock Position in Fluor Co. (NYSE:FLR)

HWG Holdings LP trimmed its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 52.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,210 shares of the construction company's stock after selling 33,874 shares during the period. HWG Holdings LP's holdings in Fluor were worth $1,490,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FLR. Neo Ivy Capital Management increased its stake in Fluor by 45.2% in the fourth quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company's stock valued at $3,252,000 after purchasing an additional 20,541 shares during the last quarter. State of Wyoming increased its stake in Fluor by 165.6% in the fourth quarter. State of Wyoming now owns 5,068 shares of the construction company's stock valued at $250,000 after purchasing an additional 3,160 shares during the last quarter. Tema Etfs LLC purchased a new position in Fluor in the fourth quarter valued at approximately $5,317,000. Point72 Hong Kong Ltd increased its stake in Fluor by 15.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company's stock valued at $2,133,000 after purchasing an additional 5,849 shares during the last quarter. Finally, Potrero Capital Research LLC purchased a new position in Fluor in the fourth quarter valued at approximately $14,115,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Truist Financial increased their price objective on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a report on Monday, May 5th. KeyCorp decreased their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Citigroup decreased their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, UBS Group decreased their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Four equities research 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, Fluor presently has a consensus rating of "Moderate Buy" and an average target price of $45.43.

Fluor Price Performance

Shares of NYSE FLR traded down $0.57 during trading on Friday, hitting $41.59. 2,565,993 shares of the company were exchanged, compared to its average volume of 2,390,689. The firm's fifty day moving average price is $36.09 and its 200 day moving average price is $43.48. 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 company has a market cap of $6.85 billion, a price-to-earnings ratio of 3.41, a PEG ratio of 1.36 and a beta of 1.24. Fluor Co. has a 1 year low of $29.20 and a 1 year high of $60.10.

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

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.