Swiss National Bank Boosts Stock Holdings in Fluor Co. (NYSE:FLR)

Swiss National Bank boosted its position in Fluor Co. (NYSE:FLR) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 336,900 shares of the construction company’s stock after purchasing an additional 2,600 shares during the period. Swiss National Bank’s holdings in Fluor were worth $16,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC lifted its stake in Fluor by 24.6% in the fourth quarter. Truvestments Capital LLC now owns 23,373 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 4,616 shares during the last quarter. HighTower Advisors LLC raised its holdings in Fluor by 2.8% during the 4th quarter. HighTower Advisors LLC now owns 34,881 shares of the construction company’s stock valued at $1,720,000 after acquiring an additional 959 shares during the period. Wealthfront Advisers LLC bought a new stake in Fluor during the 4th quarter valued at $232,000. Independent Advisor Alliance raised its holdings in Fluor by 6.1% during the 4th quarter. Independent Advisor Alliance now owns 12,849 shares of the construction company’s stock valued at $634,000 after acquiring an additional 739 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fluor by 2.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,374 shares of the construction company’s stock valued at $1,498,000 after acquiring an additional 869 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial lowered their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Monday. Barclays set a $40.00 target price on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, KeyCorp upped their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Stock Down 0.5 %

FLR opened at $37.15 on Wednesday. The stock has a market cap of $6.27 billion, a PE ratio of 3.05, a P/E/G ratio of 1.36 and a beta of 1.73. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10. The business’s fifty day simple moving average is $43.85 and its 200 day simple moving average is $48.57.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal 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.