106,013 Shares in Fluor Co. (NYSE:FLR) Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P bought a new stake in shares of Fluor Co. (NYSE:FLR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 106,013 shares of the construction company’s stock, valued at approximately $5,228,000. Loomis Sayles & Co. L P owned approximately 0.06% of Fluor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. purchased a new position in Fluor in the fourth quarter worth about $24,849,000. Artemis Investment Management LLP raised its holdings in Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fluor in the 4th quarter valued at approximately $13,130,000. Principal Financial Group Inc. boosted its stake in Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock valued at $41,077,000 after purchasing an additional 254,904 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Fluor in the 3rd quarter worth $9,542,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on FLR. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Barclays set a $40.00 price target on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Truist Financial cut their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, DA Davidson lowered their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Trading Down 2.7 %

NYSE:FLR opened at $36.15 on Friday. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 2.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. 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 business has a fifty day moving average price of $42.05 and a 200-day moving average price of $48.09. Fluor Co. has a one year low of $34.01 and a one year high of $60.10.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS 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 company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Sell-side 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.