Fluor Co. (NYSE:FLR) Stock Position Raised by Federated Hermes Inc.

Federated Hermes Inc. increased its position in Fluor Co. (NYSE:FLR) by 18.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,865 shares of the construction company’s stock after purchasing an additional 6,314 shares during the period. Federated Hermes Inc.’s holdings in Fluor were worth $1,601,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in shares of Fluor during the fourth quarter valued at $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in Fluor during the 4th quarter valued at about $34,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Fluor in the 4th quarter valued at about $36,000. Carmel Capital Partners LLC purchased a new stake in shares of Fluor in the third quarter worth approximately $37,000. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of Fluor by 7,142.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,014 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,000 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research analyst reports. KeyCorp assumed coverage on shares of Fluor in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial reiterated a “buy” rating and set a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Finally, Citigroup lifted their price target on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.17.

Fluor Stock Performance

FLR opened at $40.85 on Tuesday. The stock has a 50-day moving average of $39.42 and a 200-day moving average of $38.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. Fluor Co. has a 52-week low of $25.69 and a 52-week high of $43.24. The company has a market cap of $6.95 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 3.24 and a beta of 2.12.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that Fluor Co. will post 2.84 earnings per share for the current fiscal year.

Fluor Company 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.