Charles Schwab Investment Management Inc. Increases Position in Fluor Co. (NYSE:FLR)

Charles Schwab Investment Management Inc. boosted its stake in Fluor Co. (NYSE:FLR - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,480,056 shares of the construction company's stock after purchasing an additional 177,907 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of Fluor worth $57,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FLR. Cornercap Investment Counsel Inc. lifted its holdings in shares of Fluor by 2.4% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 14,039 shares of the construction company's stock worth $550,000 after acquiring an additional 326 shares during the period. Fifth Third Bancorp increased its stake in shares of Fluor by 32.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company's stock valued at $55,000 after purchasing an additional 371 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Fluor by 59.2% during the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company's stock worth $37,000 after buying an additional 375 shares in the last quarter. Strs Ohio lifted its position in shares of Fluor by 3.1% during the 4th quarter. Strs Ohio now owns 16,600 shares of the construction company's stock worth $650,000 after buying an additional 500 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Fluor in the 4th quarter valued at approximately $27,000. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

Fluor Trading Up 0.3 %

Fluor stock traded up $0.10 during trading hours on Friday, reaching $38.36. 818,793 shares of the company's stock were exchanged, compared to its average volume of 1,525,316. The firm has a market capitalization of $6.57 billion, a PE ratio of 22.30, a PEG ratio of 3.02 and a beta of 2.11. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. The firm's 50 day simple moving average is $40.12 and its 200 day simple moving average is $38.64. Fluor Co. has a twelve month low of $26.24 and a twelve month high of $43.24.

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