Strs Ohio lessened its stake in shares of Fluor Corporation (NYSE:FLR – Free Report) by 59.1% in the first quarter, HoldingsChannel.com reports. The firm owned 16,600 shares of the construction company’s stock after selling 24,000 shares during the quarter. Strs Ohio’s holdings in Fluor were worth $774,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Fluor in the 4th quarter worth $1,350,000. Goodman Financial Corp bought a new position in shares of Fluor during the fourth quarter valued at about $7,610,000. Hudson Bay Capital Management LP boosted its holdings in shares of Fluor by 310.9% during the third quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock worth $4,127,000 after purchasing an additional 74,231 shares during the period. Mutual Advisors LLC purchased a new stake in shares of Fluor during the fourth quarter worth about $863,000. Finally, Pacific Heights Asset Management LLC grew its stake in shares of Fluor by 23.1% in the fourth quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the construction company’s stock worth $15,852,000 after purchasing an additional 75,000 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on the company. Citigroup lowered their price target on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Robert W. Baird upped their target price on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Truist Financial lifted their price target on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.50.
Fluor Stock Performance
Shares of FLR stock opened at $49.56 on Thursday. The company’s fifty day moving average price is $49.12 and its 200-day moving average price is $47.25. The stock has a market cap of $6.92 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. Fluor Corporation has a 12 month low of $37.62 and a 12 month high of $57.50.
Fluor (NYSE:FLR – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. On average, equities analysts expect that Fluor Corporation will post 2.63 EPS for the current fiscal 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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