Jefferies Financial Group Inc. Has $250,000 Position in Fluor Co. (NYSE:FLR)

Jefferies Financial Group Inc. decreased its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 87.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,063 shares of the construction company's stock after selling 34,578 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Fluor were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock valued at $872,871,000 after acquiring an additional 168,822 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Fluor by 3.6% in the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock valued at $152,596,000 after buying an additional 107,327 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Fluor by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock valued at $124,087,000 after purchasing an additional 25,528 shares during the period. Northern Trust Corp raised its stake in Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after acquiring an additional 273,156 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Fluor by 329.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after acquiring an additional 1,523,647 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on FLR shares. Truist Financial increased their target price on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group dropped their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Barclays set a $40.00 price target on shares of Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. KeyCorp cut their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Robert W. Baird set a $41.00 target price on Fluor in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Performance

Shares of Fluor stock traded up $3.52 during midday trading on Friday, hitting $41.10. The company had a trading volume of 8,244,465 shares, compared to its average volume of 2,327,035. 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 current ratio of 1.69 and a quick ratio of 1.77. The stock has a market cap of $6.77 billion, a PE ratio of 3.37, a P/E/G ratio of 1.36 and a beta of 1.24. The business's 50 day simple moving average is $35.70 and its two-hundred day simple moving average is $43.86.

Fluor (NYSE:FLR - Get Free Report) last released 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 analysts' expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, equities analysts predict that Fluor Co. will post 2.5 EPS 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.