Fluor Corporation $FLR Shares Acquired by State of Wyoming

State of Wyoming increased its position in shares of Fluor Corporation (NYSE:FLR) by 279.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,674 shares of the construction company’s stock after buying an additional 21,112 shares during the period. State of Wyoming’s holdings in Fluor were worth $1,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rubric Capital Management LP acquired a new stake in shares of Fluor during the second quarter valued at about $205,080,000. Sourcerock Group LLC purchased a new position in Fluor in the second quarter valued at about $85,327,000. Ameriprise Financial Inc. grew its stake in Fluor by 361.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after purchasing an additional 1,180,838 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Fluor during the 4th quarter worth approximately $39,546,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Fluor by 90.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company’s stock valued at $81,339,000 after purchasing an additional 755,337 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Performance

Shares of FLR opened at $50.23 on Thursday. The stock has a market capitalization of $7.02 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25. The business’s fifty day moving average price is $47.48 and its 200 day moving average price is $45.73. 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 Corporation has a 12-month low of $37.62 and a 12-month high of $57.50.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. Equities research analysts forecast that Fluor Corporation will post 2.69 EPS for the current year.

Analysts Set New Price Targets

FLR has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $57.00 price target on shares of Fluor in a research report on Thursday, February 19th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. DA Davidson upped their target price on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Robert W. Baird lifted their price target on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

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.