Fluor Co. (NYSE:FLR) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its stake in Fluor Co. (NYSE:FLR - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,622,197 shares of the construction company's stock after selling 134,263 shares during the period. Fluor makes up 1.7% of Anchor Capital Advisors LLC's investment portfolio, making the stock its 15th largest holding. Anchor Capital Advisors LLC owned 0.95% of Fluor worth $63,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Fluor during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC purchased a new position in shares of Fluor during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Fluor in the 4th quarter worth about $34,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Fluor during the 4th quarter valued at $36,000. Finally, Carmel Capital Partners LLC acquired a new stake in Fluor during the third quarter worth about $37,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on FLR shares. TheStreet lowered Fluor from a "b-" rating to a "c" rating in a research report on Wednesday, February 21st. KeyCorp started coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Citigroup lifted their target price on Fluor from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Monday, April 22nd. Finally, Truist Financial reissued a "buy" rating and set a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fluor has an average rating of "Hold" and an average target price of $43.17.

Fluor Price Performance

Fluor stock traded down $0.10 during midday trading on Monday, hitting $40.85. The company's stock had a trading volume of 1,337,954 shares, compared to its average volume of 1,546,391. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average price is $39.42 and its 200-day moving average price is $38.32. Fluor Co. has a 12 month low of $25.69 and a 12 month high of $43.24. The company has a market capitalization of $6.95 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 3.24 and a beta of 2.12.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business posted $0.43 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

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.