Dimensional Fund Advisors LP Boosts Stake in Fluor Co. (NYSE:FLR)

Dimensional Fund Advisors LP grew its stake in Fluor Co. (NYSE:FLR) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 2,515,911 shares of the construction company’s stock after acquiring an additional 25,528 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fluor were worth $124,087,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FLR. Versant Capital Management Inc boosted its position in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Fluor in the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its stake in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after acquiring an additional 287 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Fluor during the fourth quarter valued at approximately $57,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FLR shares. Citigroup cut their price target on shares of Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Friday. KeyCorp dropped their target price on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Robert W. Baird decreased their price target on Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, Truist Financial decreased their price objective on shares of Fluor from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.57.

Fluor Stock Down 0.2 %

Fluor stock opened at $35.54 on Friday. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a market cap of $5.97 billion, a PE ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The business’s 50-day simple moving average is $35.72 and its two-hundred day simple moving average is $46.02.

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