Meeder Asset Management Inc. Takes $1.97 Million Position in Fluor Co. (NYSE:FLR)

Meeder Asset Management Inc. bought a new position in Fluor Co. (NYSE:FLR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 39,897 shares of the construction company’s stock, valued at approximately $1,968,000.

Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its position in shares of Fluor by 9.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,351 shares of the construction company’s stock valued at $708,000 after acquiring an additional 1,204 shares in the last quarter. Clearbridge Investments LLC bought a new position in Fluor during the fourth quarter worth about $25,056,000. Level Four Advisory Services LLC boosted its holdings in Fluor by 52.3% during the fourth quarter. Level Four Advisory Services LLC now owns 8,105 shares of the construction company’s stock valued at $400,000 after purchasing an additional 2,785 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Fluor by 13.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 24,549 shares of the construction company’s stock valued at $1,211,000 after purchasing an additional 2,825 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Fluor in the 4th quarter worth approximately $5,228,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FLR. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial dropped 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. DA Davidson reduced their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird reduced their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Stock Down 2.7 %

Shares of FLR opened at $36.15 on Monday. The business’s fifty day moving average price is $42.05 and its two-hundred day moving average price is $48.11. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 2.97, a PEG ratio of 1.36 and a beta of 1.73. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

About Fluor

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.