Fluor Co. (NYSE:FLR) is Mesirow Institutional Investment Management Inc.’s 2nd Largest Position

Mesirow Institutional Investment Management Inc. grew its stake in Fluor Co. (NYSE:FLR) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 451,929 shares of the construction company’s stock after purchasing an additional 859 shares during the period. Fluor comprises approximately 1.7% of Mesirow Institutional Investment Management Inc.’s holdings, making the stock its 2nd largest position. Mesirow Institutional Investment Management Inc.’s holdings in Fluor were worth $22,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its stake in shares of Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares during the last quarter. Sterling Capital Management LLC increased its stake in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Fluor during the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC grew its stake in Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after purchasing an additional 287 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Fluor during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of FLR opened at $33.99 on Friday. The company’s fifty day moving average price is $36.62 and its 200-day moving average price is $46.56. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market capitalization of $5.71 billion, a PE ratio of 2.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. On average, equities research analysts predict that Fluor Co. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup reduced their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, KeyCorp decreased their target price on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and a consensus target price of $49.43.

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.