20,221 Shares in Fluor Co. (NYSE:FLR) Bought by Natixis

Natixis purchased a new stake in Fluor Co. (NYSE:FLR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,221 shares of the construction company's stock, valued at approximately $997,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FLR. Clearbridge Investments LLC acquired a new stake in shares of Fluor during the fourth quarter worth $25,056,000. Cookson Peirce & Co. Inc. purchased a new stake in Fluor during the fourth quarter valued at about $24,849,000. Artemis Investment Management LLP boosted its holdings in shares of Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after buying an additional 412,312 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Fluor in the fourth quarter worth approximately $13,130,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Fluor by 42.1% during the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after acquiring an additional 254,904 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Truist Financial lowered their price objective on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KeyCorp lowered their price target on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. DA Davidson decreased 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. Finally, Robert W. Baird dropped their target price on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Fluor has a consensus rating of "Moderate Buy" and an average target price of $45.57.

Fluor Stock Down 0.2 %

FLR traded down $0.07 during midday trading on Tuesday, hitting $34.95. 364,916 shares of the company's stock traded hands, compared to its average volume of 2,189,654. 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 company has a market cap of $5.87 billion, a PE ratio of 2.86, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The stock's fifty day simple moving average is $35.62 and its 200-day simple moving average is $45.88. Fluor Co. has a one year low of $29.20 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. As a group, equities analysts anticipate that Fluor Co. will post 2.5 earnings per share 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.