LPL Financial LLC Has $2.58 Million Holdings in Fluor Co. (NYSE:FLR)

LPL Financial LLC cut its holdings in Fluor Co. (NYSE:FLR – Get Rating) by 11.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 74,429 shares of the construction company’s stock after selling 9,664 shares during the quarter. LPL Financial LLC’s holdings in Fluor were worth $2,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLR. SummerHaven Investment Management LLC grew its holdings in Fluor by 1.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 32,628 shares of the construction company’s stock worth $1,131,000 after buying an additional 336 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Fluor by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 37,605 shares of the construction company’s stock worth $936,000 after purchasing an additional 349 shares in the last quarter. Creative Planning increased its stake in Fluor by 1.8% in the 3rd quarter. Creative Planning now owns 21,131 shares of the construction company’s stock worth $526,000 after acquiring an additional 369 shares during the last quarter. Towle & Co increased its stake in Fluor by 1.5% in the 3rd quarter. Towle & Co now owns 26,130 shares of the construction company’s stock worth $650,000 after acquiring an additional 390 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in Fluor by 1.1% in the 4th quarter. State of Michigan Retirement System now owns 36,197 shares of the construction company’s stock worth $1,255,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Credit Suisse Group upped their target price on Fluor from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 22nd. StockNews.com began coverage on Fluor in a research report on Thursday. They set a “hold” rating on the stock. Finally, Robert W. Baird reduced their price target on Fluor from $43.00 to $40.00 in a research report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $34.86.

Fluor Stock Down 2.2 %

Shares of NYSE:FLR opened at $27.78 on Friday. The stock has a fifty day simple moving average of $29.15 and a two-hundred day simple moving average of $32.87. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -75.08, a PEG ratio of 0.32 and a beta of 2.27. Fluor Co. has a 12-month low of $21.67 and a 12-month high of $38.20. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR – Get Rating) last posted its earnings results on Friday, May 5th. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Fluor had a positive return on equity of 9.84% and a negative net margin of 0.07%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the previous year, the business posted $0.16 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, research analysts anticipate that Fluor Co. will post 1.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fluor news, insider James R. Breuer sold 4,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $37.81, for a total value of $151,240.00. Following the completion of the sale, the insider now owns 41,742 shares in the company, valued at $1,578,265.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Fluor Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.