Charles Schwab Investment Management Inc. Has $103.67 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Charles Schwab Investment Management Inc. lifted its stake in shares of Fluor Co. (NYSE:FLR) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,102,015 shares of the construction company’s stock after buying an additional 4,084 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Fluor worth $103,671,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FLR. Principal Financial Group Inc. lifted its stake in shares of Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock worth $41,077,000 after buying an additional 254,904 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Fluor by 4.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,510 shares of the construction company’s stock worth $406,000 after purchasing an additional 381 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Fluor by 139.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after purchasing an additional 9,992 shares in the last quarter. Wolverine Asset Management LLC raised its stake in Fluor by 5.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 9,000 shares of the construction company’s stock worth $429,000 after purchasing an additional 500 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Fluor in the 3rd quarter worth about $1,069,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FLR shares. StockNews.com cut shares of Fluor from a “buy” rating to a “hold” rating in a research note on Sunday. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Citigroup decreased their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird decreased their target price on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Trading Down 1.1 %

Shares of Fluor stock opened at $36.16 on Monday. The firm has a market capitalization of $6.10 billion, a PE ratio of 2.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $45.83 and its 200 day moving average is $49.24. Fluor Co. has a 1 year low of $35.10 and a 1 year high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Equities research analysts forecast that Fluor Co. will post 2.5 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.