Fluor Co. (NYSE:FLR) Stake Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in Fluor Co. (NYSE:FLR - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 685,026 shares of the construction company's stock after selling 203,890 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.40% of Fluor worth $26,832,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Fluor by 1.4% during the third quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company's stock worth $653,546,000 after buying an additional 243,371 shares in the last quarter. Vanguard Group Inc. grew its stake in Fluor by 0.7% during the third quarter. Vanguard Group Inc. now owns 14,390,483 shares of the construction company's stock worth $528,131,000 after buying an additional 106,478 shares in the last quarter. Victory Capital Management Inc. grew its stake in Fluor by 12.6% during the third quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company's stock worth $72,494,000 after buying an additional 220,962 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Fluor by 13.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,056 shares of the construction company's stock worth $57,974,000 after buying an additional 177,907 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in Fluor by 35.9% during the fourth quarter. Artemis Investment Management LLP now owns 737,976 shares of the construction company's stock worth $28,907,000 after buying an additional 194,873 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 0.0 %

Shares of NYSE FLR traded down $0.01 during trading on Tuesday, reaching $38.75. The company had a trading volume of 997,281 shares, compared to its average volume of 1,540,316. The business's 50-day moving average is $40.02 and its 200 day moving average is $38.61. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. The stock has a market cap of $6.63 billion, a PE ratio of 22.51, a P/E/G ratio of 3.04 and a beta of 2.11.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the company earned $0.28 EPS. The business's revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Fluor Co. will post 2.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FLR. Robert W. Baird raised their price target on shares of Fluor from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Monday, May 6th. TheStreet downgraded shares of Fluor from a "b-" rating to a "c" rating in a research note on Wednesday, February 21st. Truist Financial restated a "buy" rating and issued a $47.00 price target (up from $46.00) on shares of Fluor in a research note on Monday, May 6th. Finally, Citigroup raised their price target on shares of Fluor from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.00.

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.