Nuveen Asset Management LLC Sells 70,089 Shares of Fluor Co. (NYSE:FLR)

Nuveen Asset Management LLC cut its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,152,919 shares of the construction company's stock after selling 70,089 shares during the period. Nuveen Asset Management LLC owned 0.67% of Fluor worth $56,862,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fluor by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,172 shares of the construction company's stock worth $4,793,000 after acquiring an additional 3,676 shares during the last quarter. Interval Partners LP acquired a new stake in Fluor during the fourth quarter worth approximately $775,000. Jacobs Levy Equity Management Inc. lifted its position in Fluor by 5.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,026,842 shares of the construction company's stock worth $50,644,000 after acquiring an additional 53,089 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Fluor during the fourth quarter worth approximately $2,244,000. Finally, Empyrean Capital Partners LP acquired a new stake in Fluor during the fourth quarter worth approximately $9,124,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FLR shares. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. KeyCorp dropped their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Citigroup dropped their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group dropped their price target on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Truist Financial lifted their price target on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and an average target price of $45.43.

Fluor Price Performance

NYSE:FLR traded up $3.52 during mid-day trading on Friday, reaching $41.10. The stock had a trading volume of 8,244,465 shares, compared to its average volume of 2,329,295. The stock has a 50-day simple moving average of $35.70 and a two-hundred day simple moving average of $43.76. The stock has a market capitalization 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 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 12 month low of $29.20 and a 12 month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. On average, equities analysts anticipate that Fluor Co. will post 2.5 earnings per share 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.