Prudential Financial Inc. Sells 7,928 Shares of Fluor Co. (NYSE:FLR)

Prudential Financial Inc. trimmed its holdings in shares of Fluor Co. (NYSE:FLR) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,299 shares of the construction company’s stock after selling 7,928 shares during the quarter. Prudential Financial Inc.’s holdings in Fluor were worth $18,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLR. Versant Capital Management Inc grew its stake in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Fluor during the 4th quarter worth about $33,000. Smartleaf Asset Management LLC grew its position 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 valued at $47,000 after buying an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Fluor in the fourth quarter valued at about $57,000. Finally, Quarry LP raised its position in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after acquiring an additional 942 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FLR shares. DA Davidson decreased their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research 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 for the company in a research report on Wednesday, February 19th. Robert W. Baird dropped their target price 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. Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Stock Performance

Shares of Fluor stock opened at $37.72 on Thursday. The business has a 50-day simple moving average of $42.58 and a 200 day simple moving average of $48.19. Fluor Co. has a one year low of $34.01 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS 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 for the quarter, compared to the consensus estimate of $4.42 billion. On average, research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.