Ardsley Advisory Partners LP Cuts Stock Position in Fluor Corporation $FLR

Ardsley Advisory Partners LP lowered its position in Fluor Corporation (NYSE:FLR) by 40.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,986 shares of the construction company’s stock after selling 55,014 shares during the quarter. Ardsley Advisory Partners LP’s holdings in Fluor were worth $3,170,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FLR. NewEdge Advisors LLC grew its position in Fluor by 40.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after purchasing an additional 2,896 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Fluor by 337.7% in the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock valued at $587,000 after purchasing an additional 12,645 shares during the period. Caxton Associates LLP acquired a new position in shares of Fluor in the 1st quarter valued at $266,000. Acadian Asset Management LLC purchased a new stake in Fluor in the 1st quarter worth $54,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Fluor by 7.0% in the 2nd 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. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Up 2.3%

Shares of NYSE:FLR opened at $51.83 on Thursday. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.50. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $48.11 and its 200 day moving average price is $46.31.

Fluor (NYSE:FLR) last announced its quarterly 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). The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, equities research analysts predict that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FLR. DA Davidson boosted their price target on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. UBS Group reissued a “buy” rating and issued a $57.00 price objective on shares of Fluor in a report on Thursday, February 19th. Truist Financial reaffirmed a “buy” rating and issued a $57.00 target price (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. Citigroup decreased their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Robert W. Baird increased their price target on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

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.