Catalyst Capital Advisors LLC bought a new stake in Fluor Corporation (NYSE:FLR – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,500 shares of the construction company’s stock, valued at approximately $583,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in 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 during the last quarter. Assetmark Inc. increased its position in Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Fluor in the 4th quarter valued at about $27,000. Larson Financial Group LLC boosted 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 last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Fluor during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
Fluor Trading Down 0.7%
NYSE FLR opened at $49.18 on Friday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The company’s 50 day moving average price is $49.00 and its 200 day moving average price is $47.66.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FLR. Truist Financial increased their price target on Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Citigroup cut their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Robert W. Baird boosted their target price on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.20.
Get Our Latest Stock Analysis on Fluor
About Fluor
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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