Mutual Advisors LLC Takes Position in Fluor Corporation $FLR

Mutual Advisors LLC acquired a new stake in shares of Fluor Corporation (NYSE:FLR) during the fourth quarter, HoldingsChannel reports. The fund acquired 21,788 shares of the construction company’s stock, valued at approximately $863,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after purchasing an additional 483 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Fluor by 129.5% in the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares in the last quarter. Larson Financial Group LLC boosted its stake in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after acquiring an additional 734 shares in the last quarter. Banque Transatlantique SA boosted its stake in Fluor by 312.5% in the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock valued at $43,000 after acquiring an additional 625 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Fluor by 1,167.0% in the third quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock valued at $53,000 after acquiring an additional 1,167 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity at Fluor

In other Fluor news, insider Michael E. Alexander sold 3,387 shares of Fluor stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the transaction, the insider owned 68,664 shares of the company’s stock, valued at approximately $3,643,998.48. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin B. Hammonds sold 2,988 shares of Fluor stock in a transaction on Friday, February 20th. The shares were sold at an average price of $52.61, for a total transaction of $157,198.68. Following the completion of the transaction, the insider directly owned 16,273 shares of the company’s stock, valued at $856,122.53. The trade was a 15.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,110 shares of company stock valued at $1,168,920 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Fluor Trading Down 1.0%

NYSE FLR opened at $52.47 on Tuesday. The company has a market capitalization of $7.51 billion, a PE ratio of -67.27, a P/E/G ratio of 1.32 and a beta of 1.33. The company has a fifty day moving average of $48.04 and a 200 day moving average of $45.87. Fluor Corporation has a 1 year low of $34.28 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91.

Fluor (NYSE:FLR) last posted its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Research analysts forecast that Fluor Corporation will post 2.75 earnings per share for the current year.

Analyst Ratings Changes

FLR has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Truist Financial raised their target price on shares of Fluor from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. UBS Group restated a “buy” rating and issued a $57.00 target price on shares of Fluor in a research note on Thursday, February 19th. Zacks Research downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Robert W. Baird lifted their price objective on shares of Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fluor currently has a consensus rating of “Hold” and an average target price of $54.33.

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.