Great Lakes Advisors LLC Sells 1,580 Shares of Fluor Co. (NYSE:FLR)

Great Lakes Advisors LLC reduced its position in Fluor Co. (NYSE:FLR) by 11.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,694 shares of the construction company’s stock after selling 1,580 shares during the quarter. Great Lakes Advisors LLC’s holdings in Fluor were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Fluor in the 4th quarter valued at approximately $27,000. BKM Wealth Management LLC purchased a new position in shares of Fluor in the 4th quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Fluor in the 4th quarter valued at approximately $34,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Fluor in the 4th quarter valued at approximately $36,000. Finally, Spire Wealth Management raised its position in shares of Fluor by 59.2% in the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FLR. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Truist Financial reissued a “buy” rating and set a $47.00 price target (up from $46.00) on shares of Fluor in a research report on Monday, May 6th. Citigroup raised their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Robert W. Baird raised their price target on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.00.

Fluor Price Performance

NYSE:FLR opened at $40.75 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 2.22 and a beta of 2.11. The company has a 50 day moving average price of $40.27 and a 200-day moving average price of $38.82. Fluor Co. has a 1-year low of $26.24 and a 1-year high of $43.24.

Fluor (NYSE:FLR) last posted its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. Fluor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. Equities research analysts forecast that Fluor Co. will post 2.86 EPS for the current 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.