Janney Montgomery Scott LLC Has $5.23 Million Stock Holdings in Fluor Corporation $FLR

Janney Montgomery Scott LLC trimmed its stake in shares of Fluor Corporation (NYSE:FLR) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,121 shares of the construction company’s stock after selling 12,200 shares during the period. Janney Montgomery Scott LLC’s holdings in Fluor were worth $5,230,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after acquiring an additional 328,122 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Fluor in the fourth quarter worth $1,350,000. Goodman Financial Corp bought a new position in Fluor in the fourth quarter valued at $7,610,000. Hudson Bay Capital Management LP increased its stake in Fluor by 310.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock valued at $4,127,000 after buying an additional 74,231 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Fluor in the 4th quarter valued at about $863,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Citigroup dropped their price objective on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Robert W. Baird raised their target price on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Truist Financial boosted their price target on Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Fluor Trading Down 0.1%

Shares of NYSE:FLR opened at $49.38 on Monday. Fluor Corporation has a 12-month low of $37.62 and a 12-month high of $57.50. The business has a 50 day moving average of $49.07 and a 200-day moving average of $47.07. 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 stock has a market cap of $6.90 billion, a PE ratio of 28.71, a P/E/G ratio of 1.57 and a beta of 1.23.

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 analysts’ consensus estimates of $0.66 by ($0.52). The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.Fluor’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. As a group, equities research analysts forecast that Fluor Corporation will post 2.63 earnings per share for the current year.

Fluor 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.