Thrivent Financial for Lutherans Has $7.29 Million Stake in Fluor Corporation $FLR

Thrivent Financial for Lutherans increased its position in shares of Fluor Corporation (NYSE:FLR) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,285 shares of the construction company’s stock after buying an additional 40,664 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Fluor worth $7,291,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of Fluor during the second quarter valued at approximately $26,000. IFP Advisors Inc bought a new stake in Fluor in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. raised its stake in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after buying an additional 566 shares in the last quarter. CoreCap Advisors LLC boosted its position in Fluor by 129.5% in the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Fluor during the second quarter worth approximately $33,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of recent analyst reports. UBS Group dropped their price target on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Truist Financial raised their target price on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. DA Davidson upped their price target on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.57.

Fluor Trading Down 1.6%

NYSE FLR opened at $44.95 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $57.50. The company has a market capitalization of $7.25 billion, a PE ratio of 2.29, a P/E/G ratio of 6.64 and a beta of 1.37. The stock has a 50-day simple moving average of $43.50 and a 200 day simple moving average of $44.29.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Fluor had a return on equity of 8.32% and a net margin of 21.71%.Fluor’s revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Research analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.