Fluor Co. (NYSE:FLR) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Fluor Co. (NYSE:FLRGet Rating) by 67.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,678 shares of the construction company’s stock after selling 20,264 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Fluor were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in shares of Fluor by 91.7% during the second quarter. Meeder Asset Management Inc. now owns 1,403 shares of the construction company’s stock valued at $34,000 after buying an additional 671 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Fluor during the second quarter valued at $61,000. SeaCrest Wealth Management LLC purchased a new position in shares of Fluor during the second quarter valued at $92,000. Convergence Investment Partners LLC purchased a new position in shares of Fluor during the second quarter valued at $115,000. Finally, Point72 Hong Kong Ltd grew its stake in Fluor by 596.3% in the first quarter. Point72 Hong Kong Ltd now owns 6,698 shares of the construction company’s stock valued at $192,000 after purchasing an additional 5,736 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Fluor Price Performance

Shares of NYSE:FLR opened at $33.76 on Thursday. Fluor Co. has a fifty-two week low of $19.80 and a fifty-two week high of $34.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $4.80 billion, a P/E ratio of -71.83, a P/E/G ratio of 1.35 and a beta of 2.41. The business has a 50-day moving average of $29.10 and a two-hundred day moving average of $26.98.

Fluor (NYSE:FLRGet Rating) last posted its quarterly earnings data on Friday, November 4th. The construction company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.35). Fluor had a positive return on equity of 7.74% and a negative net margin of 0.19%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the firm posted $0.23 EPS. Fluor’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Fluor Co. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com assumed coverage on Fluor in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. DA Davidson upgraded Fluor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $40.00 in a research note on Monday, November 7th. Barclays boosted their target price on Fluor from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Sunday, November 6th. Credit Suisse Group boosted their target price on Fluor from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, November 7th. Finally, Robert W. Baird boosted their price target on Fluor from $32.00 to $38.00 in a research report on Monday, November 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Fluor presently has an average rating of “Hold” and an average target price of $34.00.

About Fluor

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Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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