Fluor Co. (NYSE:FLR) Shares Sold by Crew Capital Management Ltd.

Crew Capital Management Ltd. trimmed its position in shares of Fluor Co. (NYSE:FLR) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,091 shares of the construction company’s stock after selling 1,000 shares during the period. Crew Capital Management Ltd.’s holdings in Fluor were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Fluor by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock worth $653,546,000 after buying an additional 243,371 shares during the last quarter. Vanguard Group Inc. increased its holdings in Fluor by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,390,483 shares of the construction company’s stock valued at $528,131,000 after purchasing an additional 106,478 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Fluor by 12.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock valued at $72,494,000 after purchasing an additional 220,962 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fluor by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,302,149 shares of the construction company’s stock valued at $47,789,000 after purchasing an additional 76,044 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in Fluor in the 3rd quarter valued at $31,143,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $46.00 price target on shares of Fluor in a report on Monday, March 25th. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. KeyCorp assumed coverage on Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Citigroup upped their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Fluor has a consensus rating of “Hold” and a consensus price target of $43.17.

Fluor Stock Performance

NYSE FLR traded down $0.10 during trading hours on Monday, reaching $40.85. The company’s stock had a trading volume of 1,337,946 shares, compared to its average volume of 1,546,391. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $39.44 and a 200 day simple moving average of $38.29. Fluor Co. has a 52 week low of $25.69 and a 52 week high of $43.24. The stock has a market cap of $6.95 billion, a PE ratio of 72.86, a PEG ratio of 3.24 and a beta of 2.12.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the company posted $0.43 earnings per share. Fluor’s revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Fluor Company 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.