Legal & General Group Plc Has $8.91 Million Position in Fluor Corporation $FLR

Legal & General Group Plc cut its holdings in Fluor Corporation (NYSE:FLR) by 6.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 224,888 shares of the construction company’s stock after selling 15,532 shares during the quarter. Legal & General Group Plc’s holdings in Fluor were worth $8,912,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings in shares of Fluor by 34.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,861 shares of the construction company’s stock valued at $113,000 after purchasing an additional 738 shares in the last quarter. Simplify Asset Management Inc. bought a new stake in Fluor in the fourth quarter worth $289,000. EverSource Wealth Advisors LLC increased its position in Fluor by 100.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,494 shares of the construction company’s stock worth $178,000 after buying an additional 2,249 shares during the last quarter. Legato Capital Management LLC bought a new position in Fluor during the fourth quarter valued at about $648,000. Finally, Hexagon Capital Partners LLC lifted its position in shares of Fluor by 7.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 16,700 shares of the construction company’s stock worth $662,000 after buying an additional 1,100 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FLR shares. Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Robert W. Baird boosted their target price on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Truist Financial reiterated a “buy” rating and set a $57.00 price target (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Citigroup dropped their price target on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, DA Davidson boosted their price objective on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.33.

Fluor Price Performance

NYSE FLR opened at $50.42 on Friday. The stock has a 50-day simple moving average of $47.54 and a 200 day simple moving average of $45.79. Fluor Corporation has a twelve month low of $37.62 and a twelve month high of $57.50. The stock has a market capitalization of $7.04 billion, a PE ratio of 29.31, a P/E/G ratio of 1.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. Research analysts anticipate that Fluor Corporation will post 2.69 EPS for the current year.

Fluor Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.