Northwestern Mutual Wealth Management Co. Has $6.07 Million Stock Position in Fluor Corporation $FLR

Northwestern Mutual Wealth Management Co. raised its holdings in Fluor Corporation (NYSE:FLR) by 6,229.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,182 shares of the construction company’s stock after buying an additional 150,762 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fluor were worth $6,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. Assetmark Inc. grew its holdings in Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Fluor by 6,116.7% during the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares in the last quarter. Banque Transatlantique SA grew its holdings in shares of Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Fluor during the 4th quarter worth approximately $52,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Fluor by 1,167.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock worth $53,000 after purchasing an additional 1,167 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Shares of FLR stock opened at $44.86 on Friday. The stock’s fifty day simple moving average is $47.13 and its 200 day simple moving average is $45.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.37 and a beta of 1.33. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). The company 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%. Fluor’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. On average, analysts expect that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluor

In related news, insider Michael E. Alexander sold 3,387 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $53.07, for a total value of $179,748.09. Following the sale, the insider owned 68,664 shares of the company’s stock, valued at $3,643,998.48. The trade was a 4.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony Morgan sold 3,387 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.09, for a total value of $179,815.83. Following the completion of the sale, the insider directly owned 45,999 shares in the company, valued at approximately $2,442,086.91. This represents a 6.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

FLR has been the topic of several analyst reports. Citigroup lowered their price target on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Truist Financial reissued a “buy” rating and issued a $57.00 price target (down from $59.00) on shares of Fluor in a report on Monday, May 11th. UBS Group reissued a “buy” rating and issued a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. Finally, Robert W. Baird boosted their price target on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

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.