Atlas Wealth LLC lifted its stake in Fluor Corporation (NYSE:FLR – Free Report) by 699.8% in the 1st quarter, HoldingsChannel reports. The firm owned 131,395 shares of the construction company’s stock after acquiring an additional 114,966 shares during the period. Atlas Wealth LLC’s holdings in Fluor were worth $6,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Retirement Partners LLC raised its position in shares of Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after buying an additional 311 shares in the last quarter. Assetmark Inc. lifted its position in Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after purchasing an additional 483 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Fluor in the 4th quarter worth approximately $27,000. Larson Financial Group LLC grew its stake in shares of Fluor by 6,116.7% during the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares during the period. Finally, Banque Transatlantique SA increased its stake in shares of Fluor by 312.5% during the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Robert W. Baird boosted their target price on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Citigroup cut their price target on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Zacks Research cut Fluor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Finally, Truist Financial increased their price objective on Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.20.
Fluor Stock Down 0.7%
Shares of FLR opened at $49.18 on Friday. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.50. The company’s fifty day moving average is $49.00 and its two-hundred day moving average is $47.66. The firm has a market cap of $6.87 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36.
Fluor (NYSE:FLR – Get Free Report) last issued its earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. Analysts forecast that Fluor Corporation will post 2.63 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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