Dimensional Fund Advisors LP Boosts Stake in Fluor Co. (NYSE:FLR)

Dimensional Fund Advisors LP boosted its position in shares of Fluor Co. (NYSE:FLR) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,515,911 shares of the construction company’s stock after buying an additional 25,528 shares during the period. Dimensional Fund Advisors LP owned approximately 1.47% of Fluor worth $124,087,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position 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 valued at $27,000 after acquiring an additional 527 shares during the last quarter. Sterling Capital Management LLC lifted its position in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter worth about $33,000. Smartleaf Asset Management LLC raised its position in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after buying an additional 287 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Fluor in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of NYSE:FLR opened at $35.54 on Friday. The firm’s 50 day simple moving average is $35.72 and its 200-day simple moving average is $46.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The firm has a market cap of $5.97 billion, a PE ratio of 2.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLR. Citigroup decreased their price objective on Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday. DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. UBS Group dropped their price objective on shares of Fluor from $57.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday. Barclays set a $40.00 target price on shares of Fluor and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Truist Financial dropped their price target on shares of Fluor from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus price target of $45.57.

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.