Stanley Laman Group Ltd. Decreases Stock Holdings in Fluor Co. (NYSE:FLR)

Stanley Laman Group Ltd. lessened its holdings in Fluor Co. (NYSE:FLR) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,722 shares of the construction company’s stock after selling 6,326 shares during the period. Stanley Laman Group Ltd. owned about 0.08% of Fluor worth $5,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Fluor in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC purchased a new position in shares of Fluor in the fourth quarter valued at $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Fluor during the 4th quarter valued at $34,000. Tennessee Valley Asset Management Partners purchased a new stake in Fluor during the 4th quarter worth $36,000. Finally, Carmel Capital Partners LLC purchased a new stake in Fluor during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR traded up $0.34 during mid-day trading on Thursday, hitting $40.64. The stock had a trading volume of 878,799 shares, compared to its average volume of 1,559,055. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.92 billion, a PE ratio of 72.57, a PEG ratio of 3.20 and a beta of 2.12. Fluor Co. has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The company’s fifty day simple moving average is $39.47 and its two-hundred day simple moving average is $38.25.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Fluor Co. will post 2.84 earnings per share for the current year.

Wall Street Analyst Weigh In

FLR has been the subject of several recent analyst reports. KeyCorp initiated coverage on Fluor in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Citigroup upped their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Truist Financial reissued a “buy” rating and set a $46.00 price target on shares of Fluor in a research report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.17.

About Fluor

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.