Lesa Sroufe & Co trimmed its holdings in shares of Fluor Co. (NYSE:FLR) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,666 shares of the construction company’s stock after selling 6,203 shares during the quarter. Lesa Sroufe & Co’s holdings in Fluor were worth $455,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Nuveen Asset Management LLC raised its stake in shares of Fluor by 3.2% during the 1st quarter. Nuveen Asset Management LLC now owns 488,726 shares of the construction company’s stock worth $3,377,000 after buying an additional 15,129 shares during the period. Bank of America Corp DE raised its stake in Fluor by 32.0% in the 2nd quarter. Bank of America Corp DE now owns 250,068 shares of the construction company’s stock valued at $3,022,000 after purchasing an additional 60,620 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Fluor by 13.4% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 22,706 shares of the construction company’s stock valued at $157,000 after purchasing an additional 2,688 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Fluor by 38.6% in the 1st quarter. New Mexico Educational Retirement Board now owns 33,400 shares of the construction company’s stock valued at $231,000 after purchasing an additional 9,300 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Fluor in the 2nd quarter valued at $353,000. 66.64% of the stock is owned by institutional investors and hedge funds.
FLR has been the subject of several recent research reports. Credit Suisse Group reissued a “hold” rating and issued a $10.00 price objective on shares of Fluor in a research note on Wednesday, July 29th. ValuEngine raised Fluor from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 28th. Finally, Zacks Investment Research raised Fluor from a “sell” rating to a “hold” rating and set a $12.00 price objective for the company in a research note on Wednesday, August 19th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.29.
Fluor (NYSE:FLR) last issued its earnings results on Thursday, October 22nd. The construction company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($1.48). During the same period last year, the business earned ($0.42) earnings per share. On average, sell-side analysts predict that Fluor Co. will post 1.07 EPS for the current year.
Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through six segments: Energy & Chemicals; Mining & Industrial; Infrastructure & Power; Government; Diversified Services; and Other.
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