Brown Advisory Inc. Cuts Holdings in Fluor Co. (NYSE:FLR)

Brown Advisory Inc. lessened its stake in Fluor Co. (NYSE:FLR) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,991,585 shares of the construction company’s stock after selling 7,353 shares during the quarter. Brown Advisory Inc.’s holdings in Fluor were worth $147,545,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Wealth Management LLC acquired a new position in Fluor during the 4th quarter worth approximately $484,000. Quantbot Technologies LP acquired a new position in shares of Fluor during the fourth quarter worth $3,667,000. Exchange Traded Concepts LLC increased its holdings in Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after buying an additional 32,472 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Fluor in the fourth quarter valued at $1,131,000. Finally, LPL Financial LLC lifted its holdings in Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company’s stock worth $5,852,000 after buying an additional 19,161 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FLR. DA Davidson cut their target price on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Truist Financial cut their price target on shares of Fluor from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Finally, KeyCorp cut their target price on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average price target of $45.57.

Fluor Price Performance

Shares of NYSE:FLR opened at $35.84 on Friday. 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 Co. has a one year low of $29.20 and a one year high of $60.10. The company has a 50-day simple moving average of $35.43 and a 200-day simple moving average of $45.46. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 2.94, a PEG ratio of 1.36 and a beta of 1.24.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. On average, analysts predict that Fluor Co. will post 2.5 EPS for the current 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.