MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Makes New $9.43 Million Investment in Fluor Co. (NYSE:FLR)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new position in shares of Fluor Co. (NYSE:FLRGet Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 328,505 shares of the construction company’s stock, valued at approximately $9,425,000. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned 0.23% of Fluor as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FLR. Rubric Capital Management LP purchased a new stake in shares of Fluor during the 4th quarter valued at $72,517,000. Granite Investment Partners LLC lifted its holdings in shares of Fluor by 4,466.3% during the 4th quarter. Granite Investment Partners LLC now owns 1,257,288 shares of the construction company’s stock valued at $31,143,000 after purchasing an additional 1,229,754 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in Fluor by 951.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 638,128 shares of the construction company’s stock worth $15,807,000 after acquiring an additional 577,428 shares during the last quarter. Impala Asset Management LLC purchased a new position in Fluor in the 4th quarter worth $11,952,000. Finally, Anchor Capital Advisors LLC raised its stake in Fluor by 14.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,413,237 shares of the construction company’s stock worth $84,546,000 after acquiring an additional 423,583 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Fluor Price Performance

FLR traded down $2.32 during trading on Friday, reaching $23.08. The company’s stock had a trading volume of 4,103,302 shares, compared to its average volume of 1,293,731. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $25.23 and a two-hundred day simple moving average of $25.43. Fluor Co. has a 1 year low of $14.41 and a 1 year high of $31.32. The company has a market cap of $3.28 billion, a price-to-earnings ratio of -29.21, a PEG ratio of 0.53 and a beta of 2.58.

Fluor (NYSE:FLRGet Rating) last released its earnings results on Friday, August 5th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Fluor had a positive return on equity of 10.59% and a negative net margin of 0.63%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. As a group, analysts anticipate that Fluor Co. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on FLR shares. Credit Suisse Group set a $26.00 price target on Fluor in a research report on Tuesday, July 19th. Citigroup dropped their target price on Fluor from $31.00 to $27.00 in a research report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.60.

Insider Activity

In related news, Director Matthew K. Rose bought 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $25.63 per share, for a total transaction of $1,025,200.00. Following the acquisition, the director now owns 80,764 shares of the company’s stock, valued at $2,069,981.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Matthew K. Rose bought 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $25.63 per share, for a total transaction of $1,025,200.00. Following the acquisition, the director now owns 80,764 shares of the company’s stock, valued at $2,069,981.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James T. Hackett bought 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average price of $25.46 per share, with a total value of $763,800.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $254,600. The disclosure for this purchase can be found here. Corporate insiders own 1.01% of the company’s stock.

About Fluor

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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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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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