Sivia Capital Partners LLC Purchases Shares of 11,387 Fluor Corporation $FLR

Sivia Capital Partners LLC purchased a new stake in Fluor Corporation (NYSE:FLR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,387 shares of the construction company’s stock, valued at approximately $451,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC raised its stake in Fluor by 91.7% in the fourth 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 shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after buying an additional 483 shares during the last quarter. Larson Financial Group LLC lifted its position 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 buying an additional 734 shares during the last quarter. Banque Transatlantique SA lifted its position in shares of Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after buying an additional 625 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Fluor during the 4th quarter worth approximately $35,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FLR shares. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup dropped their price objective on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Truist Financial reaffirmed a “buy” rating and set a $57.00 price objective (down from $59.00) on shares of Fluor in a report on Monday, May 11th. UBS Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Fluor in a report on Thursday, February 19th. Finally, Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Fluor Price Performance

Shares of FLR opened at $47.59 on Friday. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.50. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. The firm has a 50-day simple moving average of $47.54 and a 200-day simple moving average of $45.80. 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 (NYSE:FLR) last announced its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share 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 for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the company posted $0.73 EPS. Fluor’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Fluor Corporation will post 2.69 earnings per share for the current year.

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.