Natixis Advisors LLC Buys 8,271 Shares of Fluor Co. (NYSE:FLR)

Natixis Advisors LLC boosted its position in Fluor Co. (NYSE:FLR) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,048 shares of the construction company’s stock after purchasing an additional 8,271 shares during the quarter. Natixis Advisors LLC’s holdings in Fluor were worth $3,603,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after acquiring an additional 51,018 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after purchasing an additional 457,220 shares during the last quarter. Artemis Investment Management LLP boosted its position in shares of Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after purchasing an additional 412,312 shares in the last quarter. Hennessy Advisors Inc. grew its stake in Fluor by 13.1% during the 4th quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after buying an additional 120,800 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Fluor by 24.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company’s stock valued at $46,458,000 after buying an additional 193,071 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Up 0.1 %

Shares of FLR opened at $37.72 on Friday. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10. The stock’s 50-day moving average price is $43.19 and its 200-day moving average price is $48.34. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, sell-side analysts predict that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FLR. KeyCorp upped their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Citigroup reduced their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Robert W. Baird cut their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.71.

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.