Jefferies Financial Group Inc. Lowers Holdings in Fluor Co. (NYSE:FLR)

Jefferies Financial Group Inc. cut its stake in Fluor Co. (NYSE:FLR - Free Report) by 87.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Alyeska Investment Group L.P. boosted its holdings in Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after buying an additional 1,523,647 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Fluor by 10,125.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock worth $52,129,000 after acquiring an additional 1,046,610 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Fluor by 58.4% during the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company's stock worth $96,285,000 after acquiring an additional 719,583 shares in the last quarter. Yaupon Capital Management LP acquired a new stake in shares of Fluor during the 4th quarter valued at about $26,353,000. Finally, Frontier Capital Management Co. LLC acquired a new position in Fluor in the 4th quarter worth about $25,117,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Price Performance

Shares of FLR stock traded up $0.42 during trading hours on Tuesday, reaching $38.32. The company had a trading volume of 2,533,341 shares, compared to its average volume of 2,287,601. Fluor Co. has a 12-month low of $29.20 and a 12-month 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 company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 3.14, a PEG ratio of 1.36 and a beta of 1.24. The stock has a fifty day moving average of $35.59 and a 200-day moving average of $44.10.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Robert W. Baird set a $41.00 price objective on Fluor in a report on Monday, May 5th. DA Davidson cut their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Truist Financial upped their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Barclays set a $40.00 target price on shares of Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, UBS Group lowered their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.43.

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.