Fluor Co. (NYSE:FLR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Fluor Co. (NYSE:FLR) by 63.5% during the 4th quarter, HoldingsChannel reports. The firm owned 732,101 shares of the construction company’s stock after selling 1,272,674 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fluor were worth $36,107,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FLR. KBC Group NV boosted its stake in Fluor by 11.2% during the third quarter. KBC Group NV now owns 4,544 shares of the construction company’s stock worth $217,000 after buying an additional 456 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Fluor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after purchasing an additional 176 shares during the period. Natixis Advisors LLC increased its position in Fluor by 0.7% during the third quarter. Natixis Advisors LLC now owns 64,777 shares of the construction company’s stock worth $3,091,000 after purchasing an additional 442 shares during the last quarter. Quest Partners LLC boosted its holdings in Fluor by 1,254.1% in the 3rd quarter. Quest Partners LLC now owns 16,155 shares of the construction company’s stock valued at $771,000 after purchasing an additional 14,962 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Fluor by 5.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 77,531 shares of the construction company’s stock valued at $3,699,000 after buying an additional 3,690 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FLR. KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Barclays set a $40.00 target price on shares of Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Truist Financial reduced their price target on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Citigroup dropped their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Trading Up 2.9 %

NYSE FLR opened at $38.29 on Thursday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 3.14, a PEG ratio of 1.36 and a beta of 1.73. Fluor Co. has a one year low of $34.01 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The firm has a 50 day simple moving average of $43.63 and a 200-day simple moving average of $48.50.

Fluor (NYSE:FLR) last posted 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). The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Equities research analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

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.