CenterBook Partners LP lowered its position in Fluor Corporation (NYSE:FLR – Free Report) by 61.3% during the 4th quarter, Holdings Channel reports. The fund owned 111,538 shares of the construction company’s stock after selling 176,413 shares during the period. CenterBook Partners LP’s holdings in Fluor were worth $4,420,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FLR. NewEdge Advisors LLC boosted its holdings in Fluor by 40.3% in the first quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after acquiring an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after acquiring an additional 12,645 shares in the last quarter. Caxton Associates LLP bought a new position in Fluor in the first quarter worth approximately $266,000. Acadian Asset Management LLC bought a new position in Fluor in the first quarter worth approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after acquiring an additional 248 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on FLR shares. Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Robert W. Baird lifted their price target on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. DA Davidson lifted their price target on Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Truist Financial reiterated a “buy” rating and set a $57.00 price target (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and an average price target of $53.33.
Fluor Stock Performance
NYSE:FLR opened at $49.53 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The business has a fifty day simple moving average of $47.60 and a two-hundred day simple moving average of $45.89. Fluor Corporation has a 1 year low of $37.62 and a 1 year high of $57.50. The company has a market capitalization of $6.92 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.47 and a beta of 1.25.
Fluor (NYSE:FLR – Get Free Report) last released its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts expect that Fluor Corporation will post 2.69 earnings per share 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.
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