MetLife Investment Management LLC Grows Stock Position in Fluor Co. (NYSE:FLR)

MetLife Investment Management LLC increased its holdings in Fluor Co. (NYSE:FLR - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,589 shares of the construction company's stock after acquiring an additional 13,102 shares during the quarter. MetLife Investment Management LLC owned about 0.11% of Fluor worth $9,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Covalis Capital LLP purchased a new stake in Fluor in the fourth quarter worth $7,504,000. First Trust Advisors LP lifted its position in Fluor by 41.4% during the fourth quarter. First Trust Advisors LP now owns 39,261 shares of the construction company's stock valued at $1,936,000 after buying an additional 11,499 shares during the period. Dimensional Fund Advisors LP lifted its position in Fluor by 1.0% during 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 buying an additional 25,528 shares during the period. Freedom Investment Management Inc. purchased a new position in Fluor during the fourth quarter valued at $230,000. Finally, GeoWealth Management LLC purchased a new position in Fluor during the fourth quarter valued at $128,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

NYSE:FLR traded down $0.06 during mid-day trading on Friday, reaching $35.54. The company's stock had a trading volume of 2,320,986 shares, compared to its average volume of 2,194,533. Fluor Co. has a 12-month low of $29.20 and a 12-month high of $60.10. The firm's fifty day moving average price is $35.72 and its two-hundred day moving average price is $45.99. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The stock has a market cap of $5.97 billion, a P/E ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $4.42 billion. On average, equities analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the subject of several recent research reports. KeyCorp lowered their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Truist Financial reduced their price target on Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup reduced their price target on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Fluor currently has an average rating of "Moderate Buy" and an average target price of $45.57.

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.