Fluor Corporation $FLR Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in Fluor Corporation (NYSE:FLR) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,888 shares of the construction company’s stock after selling 15,532 shares during the period. Legal & General Group Plc owned approximately 0.14% of Fluor worth $8,912,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FLR. Global Retirement Partners LLC lifted its stake in Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Fluor by 6,116.7% during the 3rd 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 during the last quarter. Banque Transatlantique SA boosted its stake in shares of Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after acquiring an additional 625 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Fluor in the 4th quarter worth $35,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

Shares of FLR opened at $50.42 on Friday. The company has a market capitalization of $7.04 billion, a PE ratio of 29.31, a PEG ratio of 1.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. The company’s 50 day moving average price is $47.54 and its 200 day moving average price is $45.79. Fluor Corporation has a 52 week low of $37.62 and a 52 week high of $57.50.

Fluor (NYSE:FLR) last issued its earnings results 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). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business earned $0.73 EPS. The company’s quarterly revenue was down 8.0% on a year-over-year basis. Research analysts expect that Fluor Corporation will post 2.69 EPS for the current fiscal year.

Analyst Ratings Changes

FLR has been the subject of a number of analyst reports. UBS Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Fluor in a research note on Thursday, February 19th. Citigroup cut their price target on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Robert W. Baird lifted their price objective on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. DA Davidson boosted 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, Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and a consensus price target 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.