Simon Quick Advisors LLC Makes New Investment in Fluor Corporation $FLR

Simon Quick Advisors LLC bought a new position in Fluor Corporation (NYSE:FLR) during the 1st quarter, HoldingsChannel reports. The fund bought 10,400 shares of the construction company’s stock, valued at approximately $485,000.

A number of other institutional investors have also recently made changes to their positions in FLR. Starboard Value LP purchased a new position in Fluor in the 4th quarter worth approximately $205,732,000. AQR Capital Management LLC boosted its stake in Fluor by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock valued at $204,795,000 after purchasing an additional 3,203,712 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Fluor by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock worth $178,962,000 after purchasing an additional 377,985 shares in the last quarter. Rubric Capital Management LP raised its stake in shares of Fluor by 12.5% in the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock worth $189,315,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Fluor by 0.6% in the fourth quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock worth $134,969,000 after purchasing an additional 20,210 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

FLR stock opened at $49.18 on Friday. 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 1 year low of $37.62 and a 1 year high of $57.50. The company has a market cap of $6.87 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The stock’s fifty day moving average price is $49.00 and its 200-day moving average price is $47.66.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 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 firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the company posted $0.73 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. On average, equities analysts forecast that Fluor Corporation will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on FLR shares. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup lowered their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Truist Financial raised their price target on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Robert W. Baird boosted their price objective on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Four investment 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, Fluor presently has a consensus rating of “Hold” and an average target price of $57.20.

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.