Fluor Co. (NYSE:FLR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Fluor Co. (NYSE:FLR) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,877 shares of the construction company’s stock after selling 4,388 shares during the period. Voya Investment Management LLC’s holdings in Fluor were worth $2,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cornerstone Wealth Management LLC bought a new position in Fluor in the 4th quarter valued at about $484,000. Quantbot Technologies LP bought a new position in shares of Fluor in the fourth quarter valued at approximately $3,667,000. Exchange Traded Concepts LLC increased its stake in shares of Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after acquiring an additional 32,472 shares during the period. Cinctive Capital Management LP bought a new stake in Fluor during the fourth quarter worth approximately $1,131,000. Finally, LPL Financial LLC lifted its position in Fluor by 19.3% in the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company’s stock worth $5,852,000 after purchasing an additional 19,161 shares during the period. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 0.2 %

NYSE FLR opened at $35.84 on Friday. The firm’s 50 day moving average price is $35.43 and its two-hundred day moving average price is $45.52. 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 twelve month low of $29.20 and a twelve month high of $60.10. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 2.94, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. During the same quarter last year, the business earned $0.47 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Fluor Co. will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FLR shares. Robert W. Baird decreased their target price on 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 raised shares of Fluor from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. 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. DA Davidson dropped 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. Finally, UBS Group reduced their price objective on Fluor from $57.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.