OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.23 Million Stock Position in Fluor Co. (NYSE:FLR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Fluor Co. (NYSE:FLR - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,130 shares of the construction company's stock after selling 67,810 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Fluor worth $5,234,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Fluor by 42.1% in the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock worth $41,077,000 after purchasing an additional 254,904 shares during the period. Park Avenue Securities LLC lifted its position in Fluor by 26.9% in the fourth quarter. Park Avenue Securities LLC now owns 13,396 shares of the construction company's stock worth $661,000 after purchasing an additional 2,839 shares during the period. Hennessy Advisors Inc. lifted its position in Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company's stock worth $51,322,000 after purchasing an additional 120,800 shares during the period. Artemis Investment Management LLP lifted its position in 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 purchasing an additional 412,312 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Fluor by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after purchasing an additional 241 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of Fluor stock traded down $0.05 during trading on Friday, reaching $38.48. The company's stock had a trading volume of 2,258,361 shares, compared to its average volume of 2,283,731. The stock has a 50-day moving average price of $35.48 and a two-hundred day moving average price of $44.31. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The stock has a market capitalization of $6.34 billion, a P/E ratio of 3.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLR has been the subject of several research reports. Citigroup reduced their target price on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group cut their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. StockNews.com cut Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Robert W. Baird set a $41.00 price objective on Fluor in a report on Monday, May 5th. Finally, DA Davidson cut their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.43.

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.