Fluor Co. (NYSE:FLR) Position Cut by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in shares of Fluor Co. (NYSE:FLR) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 280,755 shares of the construction company’s stock after selling 10,679 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Fluor worth $13,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after purchasing an additional 213 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Fluor by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock valued at $533,000 after acquiring an additional 241 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Fluor by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company’s stock valued at $256,000 after acquiring an additional 264 shares during the period. Coldstream Capital Management Inc. lifted its position in Fluor by 4.9% in the third quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company’s stock worth $286,000 after purchasing an additional 277 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after purchasing an additional 287 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 8.7 %

Fluor stock opened at $31.02 on Friday. The company has a 50 day moving average price of $40.18 and a 200 day moving average price of $47.72. 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 52 week low of $29.75 and a 52 week high of $60.10. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 2.55, a P/E/G ratio of 1.36 and a beta of 1.66.

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 analysts’ consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Research analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

FLR has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial reduced their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Citigroup dropped their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.57.

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.