Fluor Co. (NYSE:FLR – Get Rating) shares saw unusually-strong trading volume on Friday . Approximately 65,532 shares traded hands during mid-day trading, a decline of 94% from the previous session’s volume of 1,067,191 shares.The stock last traded at $25.02 and had previously closed at $25.65.
Analyst Ratings Changes
A number of research firms recently commented on FLR. Citigroup decreased their target price on Fluor from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, August 8th. Credit Suisse Group set a $26.00 price objective on shares of Fluor in a research note on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.25.
Fluor Trading Down 3.5 %
The stock has a market cap of $3.52 billion, a PE ratio of -73.85, a price-to-earnings-growth ratio of 0.55 and a beta of 2.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 1.49. The company has a 50 day moving average of $26.01 and a two-hundred day moving average of $26.60.
Institutional Trading of Fluor
Several large investors have recently made changes to their positions in FLR. Citigroup Inc. raised its position in shares of Fluor by 42.1% in the fourth quarter. Citigroup Inc. now owns 153,679 shares of the construction company’s stock valued at $3,806,000 after buying an additional 45,555 shares during the last quarter. Pictet Asset Management SA purchased a new position in Fluor in the 4th quarter worth approximately $238,000. Geode Capital Management LLC grew its position in shares of Fluor by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 2,403,904 shares of the construction company’s stock valued at $59,544,000 after purchasing an additional 127,428 shares in the last quarter. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Fluor in the fourth quarter valued at approximately $138,000. Finally, State Street Corp lifted its position in Fluor by 1.3% during the fourth quarter. State Street Corp now owns 4,560,730 shares of the construction company’s stock worth $112,969,000 after buying an additional 59,291 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.
Fluor Company Profile
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.
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