Intech Investment Management LLC Sells 324,300 Shares of Fluor Corporation $FLR

Intech Investment Management LLC lessened its holdings in Fluor Corporation (NYSE:FLR) by 70.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,371 shares of the construction company’s stock after selling 324,300 shares during the quarter. Intech Investment Management LLC’s holdings in Fluor were worth $5,404,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Seelaus Asset Management LLC boosted its position in shares of Fluor by 2.9% in the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock valued at $348,000 after acquiring an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after acquiring an additional 248 shares during the period. Clearstead Advisors LLC boosted its position in shares of Fluor by 20.9% in the third quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock valued at $67,000 after acquiring an additional 276 shares during the period. Truist Financial Corp raised its stake in Fluor by 5.7% in the third quarter. Truist Financial Corp now owns 5,361 shares of the construction company’s stock valued at $226,000 after purchasing an additional 288 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in Fluor by 2.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock valued at $466,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Down 0.0%

Shares of NYSE FLR opened at $45.75 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.42 and a beta of 1.25. Fluor Corporation has a 12 month low of $37.62 and a 12 month high of $57.50. The stock has a 50-day moving average price of $47.35 and a two-hundred day moving average price of $45.65.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The firm’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. As a group, analysts forecast that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on FLR. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. UBS Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Fluor in a research note on Thursday, February 19th. Citigroup dropped their price target on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. DA Davidson boosted their price target on Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $57.00 price target (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.33.

Fluor Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.