Segall Bryant & Hamill LLC Purchases New Shares in Fluor Corporation $FLR

Segall Bryant & Hamill LLC acquired a new position in Fluor Corporation (NYSE:FLR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,281 shares of the construction company’s stock, valued at approximately $573,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FLR. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Fluor in the 4th quarter valued at approximately $1,350,000. Pacific Heights Asset Management LLC grew its stake in Fluor by 23.1% in the fourth quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the construction company’s stock worth $15,852,000 after purchasing an additional 75,000 shares during the period. Mutual Advisors LLC bought a new position in Fluor in the fourth quarter worth $863,000. CWM LLC lifted its position in Fluor by 68.1% during the fourth quarter. CWM LLC now owns 91,639 shares of the construction company’s stock valued at $3,632,000 after buying an additional 37,112 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Fluor during the 4th quarter valued at $2,121,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Down 2.3%

NYSE:FLR opened at $50.38 on Thursday. 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 firm has a market cap 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 fifty-two week low of $39.33 and a fifty-two week high of $54.79. The firm has a 50-day simple moving average of $50.52 and a two-hundred day simple moving average of $48.40.

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 the consensus estimate of $0.66 by ($0.52). The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. Analysts predict that Fluor Corporation will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FLR shares. Robert W. Baird increased their price target on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Zacks Research cut shares of Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Truist Financial lifted their target price on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Citigroup dropped their price target on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.20.

Fluor Company 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.