Thrivent Financial for Lutherans Decreases Holdings in Fluor Co. (NYSE:FLR)

Thrivent Financial for Lutherans reduced its position in Fluor Co. (NYSE:FLR) by 63.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 732,101 shares of the construction company’s stock after selling 1,272,674 shares during the quarter. Thrivent Financial for Lutherans owned about 0.43% of Fluor worth $36,107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cibc World Markets Corp acquired a new position in Fluor during the 4th quarter valued at about $788,000. GLOBALT Investments LLC GA increased its holdings in shares of Fluor by 2.5% during the fourth quarter. GLOBALT Investments LLC GA now owns 43,118 shares of the construction company’s stock valued at $2,127,000 after acquiring an additional 1,070 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Fluor by 12.8% in the 4th quarter. Natixis Advisors LLC now owns 73,048 shares of the construction company’s stock valued at $3,603,000 after purchasing an additional 8,271 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Fluor by 21.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,974 shares of the construction company’s stock worth $5,523,000 after purchasing an additional 19,571 shares in the last quarter. Finally, Swiss National Bank grew its position in Fluor by 0.8% during the 4th quarter. Swiss National Bank now owns 336,900 shares of the construction company’s stock worth $16,616,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of several research reports. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. 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 note on Wednesday, February 19th. Citigroup reduced their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird cut their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Price Performance

NYSE:FLR opened at $38.29 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a 50 day moving average price of $43.63 and a 200-day moving average price of $48.50. Fluor Co. has a 1-year low of $34.01 and a 1-year high of $60.10. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 3.14, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Equities research analysts forecast that Fluor Co. will post 2.5 EPS 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.