Fluor Co. (NYSE:FLR) Stock Position Lifted by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its position in Fluor Co. (NYSE:FLR) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,052,456 shares of the construction company’s stock after buying an additional 350 shares during the quarter. King Luther Capital Management Corp owned about 0.61% of Fluor worth $51,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares during the period. Golden State Wealth Management LLC bought a new stake in Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC grew its holdings in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after purchasing an additional 287 shares during the last quarter. Quarry LP grew its holdings in shares of Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after purchasing an additional 942 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock worth $77,000 after purchasing an additional 1,388 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

NYSE:FLR opened at $34.31 on Tuesday. Fluor Co. has a 1-year low of $34.01 and a 1-year high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $45.53 and a 200 day simple moving average of $49.13. The stock has a market capitalization of $5.79 billion, a PE ratio of 2.81, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last released its 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). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. On average, research analysts expect that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FLR shares. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Robert W. Baird decreased their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. DA Davidson decreased their price objective 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. Truist Financial decreased their price objective 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. Finally, KeyCorp increased their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Fluor has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor 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.