Fluor Co. (NYSE:FLR) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in Fluor Co. (NYSE:FLR - Free Report) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,391,954 shares of the construction company's stock after buying an additional 273,156 shares during the quarter. Northern Trust Corp owned about 1.39% of Fluor worth $117,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Fluor by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock worth $112,000 after purchasing an additional 213 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Fluor by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock valued at $533,000 after buying an additional 241 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Fluor by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock valued at $256,000 after acquiring an additional 264 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the last quarter. Finally, Highland Capital Management LLC lifted its stake in shares of Fluor by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company's stock worth $229,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FLR shares. StockNews.com lowered Fluor from a "buy" rating to a "hold" rating in a research report on Monday. DA Davidson dropped their price target on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird set a $41.00 price target on Fluor in a research report on Monday. Truist Financial boosted their price objective on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday. Finally, Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Fluor presently has an average rating of "Moderate Buy" and a consensus target price of $45.43.

Fluor Stock Performance

Shares of FLR traded down $0.40 during trading hours on Friday, reaching $35.21. 655,480 shares of the company's stock traded hands, compared to its average volume of 2,229,355. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 2.89, a P/E/G ratio of 1.36 and a beta of 1.24. The business's fifty day simple moving average is $35.23 and its two-hundred day simple moving average is $44.99. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10. 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 (NYSE:FLR - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same period last year, the firm posted $0.47 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. Analysts predict 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.