National Bank of Canada FI lowered its stake in Fluor Co. (NYSE:FLR – Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,570 shares of the construction company’s stock after selling 6,297 shares during the quarter. National Bank of Canada FI’s holdings in Fluor were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of FLR. Ronald Blue Trust Inc. increased its stake in Fluor by 1,186.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,055 shares of the construction company’s stock worth $26,000 after purchasing an additional 973 shares in the last quarter. Hollencrest Capital Management purchased a new position in Fluor in the 4th quarter worth about $35,000. Toronto Dominion Bank purchased a new position in Fluor in the 4th quarter worth about $35,000. Johnson Financial Group Inc. purchased a new position in Fluor in the 4th quarter worth about $45,000. Finally, Atlas Capital Advisors LLC increased its stake in Fluor by 665.0% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock worth $45,000 after purchasing an additional 1,596 shares in the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.
Fluor Stock Down 0.3 %
Shares of Fluor stock opened at $29.60 on Friday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -80.00, a P/E/G ratio of 0.34 and a beta of 2.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. Fluor Co. has a 52-week low of $21.67 and a 52-week high of $38.20. The stock has a 50-day simple moving average of $28.31 and a 200-day simple moving average of $31.85.
Fluor (NYSE:FLR – Free Report) last announced its quarterly earnings results on Friday, May 5th. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Fluor had a negative net margin of 0.07% and a positive return on equity of 9.84%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts expect that Fluor Co. will post 1.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on FLR. StockNews.com began coverage on Fluor in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Robert W. Baird lowered their target price on Fluor from $43.00 to $40.00 in a research note on Monday, May 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor has a consensus rating of “Hold” and a consensus target price of $34.86.
Fluor Company Profile
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 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.
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