Fluor Corporation $FLR Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in shares of Fluor Corporation (NYSE:FLR) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 463,162 shares of the construction company’s stock after buying an additional 25,998 shares during the quarter. Fisher Asset Management LLC’s holdings in Fluor were worth $18,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FLR. NewEdge Advisors LLC lifted its holdings 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 buying an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Fluor by 337.7% during the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after buying an additional 12,645 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Fluor in the 1st quarter valued at $266,000. Acadian Asset Management LLC purchased a new stake in shares of Fluor during the 1st quarter worth $54,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Fluor by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Trading Up 1.0%

NYSE FLR opened at $47.32 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The firm’s fifty day moving average price is $47.31 and its 200 day moving average price is $45.64. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. Fluor Corporation has a 12 month low of $37.62 and a 12 month high of $57.50.

Fluor (NYSE:FLR) last posted its earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. On average, sell-side analysts expect that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial reaffirmed a “buy” rating and set a $57.00 price objective (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. DA Davidson lifted their price objective on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Fluor in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

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.