Thrivent Financial for Lutherans Acquires 40,664 Shares of Fluor Corporation $FLR

Thrivent Financial for Lutherans raised its stake in Fluor Corporation (NYSE:FLR) by 30.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,285 shares of the construction company’s stock after buying an additional 40,664 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fluor were worth $7,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of Fluor during the second quarter worth $26,000. IFP Advisors Inc bought a new position in Fluor during the 2nd quarter worth about $27,000. Hantz Financial Services Inc. raised its stake in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after purchasing an additional 566 shares during the period. CoreCap Advisors LLC boosted its position in shares of Fluor by 129.5% during the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Fluor during the second quarter worth about $33,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group cut their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. DA Davidson lifted their price target on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Truist Financial increased their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.57.

Fluor Stock Down 1.6%

NYSE FLR opened at $44.95 on Friday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 2.29, a PEG ratio of 6.64 and a beta of 1.37. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $43.50 and a 200-day moving average of $44.29.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.24. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities research analysts expect that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Fluor Company 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.