Segall Bryant & Hamill LLC Invests $573,000 in Fluor Corporation $FLR

Segall Bryant & Hamill LLC acquired a new stake in shares of Fluor Corporation (NYSE:FLR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,281 shares of the construction company’s stock, valued at approximately $573,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Seelaus Asset Management LLC lifted its holdings in shares of Fluor by 2.9% during the 4th quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock valued at $348,000 after buying an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fluor by 7.0% in the second 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 during the period. Clear Creek Financial Management LLC increased its position in Fluor by 2.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock valued at $466,000 after acquiring an additional 310 shares during the last quarter. Global Retirement Partners LLC lifted its holdings 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 acquiring an additional 311 shares during the period. Finally, Parallel Advisors LLC boosted its position in Fluor by 16.4% in the first quarter. Parallel Advisors LLC now owns 2,667 shares of the construction company’s stock worth $124,000 after purchasing an additional 375 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. 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 research report on Monday, May 11th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Truist Financial increased their price target on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Citigroup cut their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.20.

Fluor Price Performance

Shares of NYSE:FLR opened at $50.38 on Thursday. The company has a market capitalization of $7.04 billion, a P/E ratio of 29.29, a P/E/G ratio of 1.63 and a beta of 1.25. Fluor Corporation has a 1-year low of $39.33 and a 1-year high of $54.79. The firm’s 50 day simple moving average is $50.52 and its two-hundred day simple moving average is $48.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. Research analysts expect that Fluor Corporation will post 2.63 EPS for the current fiscal 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.