Fluor Co. (NYSE:FLR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its position in Fluor Co. (NYSE:FLR - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,152,919 shares of the construction company's stock after selling 70,089 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.67% of Fluor worth $56,862,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Fluor by 1.0% in 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 during the period. Alliancebernstein L.P. boosted its stake in Fluor by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock worth $152,596,000 after purchasing an additional 107,327 shares during the period. Dimensional Fund Advisors LP grew its position in Fluor by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock worth $124,087,000 after purchasing an additional 25,528 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Fluor by 12.9% in the fourth quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after buying an additional 273,156 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

NYSE:FLR traded down $0.43 during mid-day trading on Wednesday, reaching $37.92. The stock had a trading volume of 2,530,820 shares, compared to its average volume of 2,291,360. 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 firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 3.11, a PEG ratio of 1.36 and a beta of 1.24. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10. The business has a 50 day simple moving average of $35.62 and a 200 day simple moving average of $44.06.

Fluor (NYSE:FLR - Get Free Report) last posted 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. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm earned $0.47 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the subject of a number of recent research reports. Truist Financial increased their price objective on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Citigroup reduced their target price on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, StockNews.com lowered shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

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.