Mitsubishi UFJ Trust & Banking Corp Invests $1.35 Million in Fluor Corporation $FLR

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Fluor Corporation (NYSE:FLR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 34,061 shares of the construction company’s stock, valued at approximately $1,350,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Fluor by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after purchasing an additional 328,122 shares during the last quarter. SG Americas Securities LLC grew its holdings in Fluor by 472.4% during the 3rd quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock valued at $5,163,000 after purchasing an additional 101,288 shares during the last quarter. Pacific Heights Asset Management LLC grew its holdings in Fluor by 35.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock valued at $13,673,000 after purchasing an additional 85,000 shares during the last quarter. Quadrant Private Wealth Management LLC bought a new position in Fluor during the 3rd quarter valued at about $3,475,000. Finally, Goodman Financial Corp bought a new position in Fluor during the 4th quarter valued at about $7,610,000. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Fluor

In other news, insider Kevin B. Hammonds sold 2,988 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $52.61, for a total value of $157,198.68. Following the completion of the sale, the insider owned 16,273 shares of the company’s stock, valued at approximately $856,122.53. This represents a 15.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tracey H. Cook sold 2,589 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $53.22, for a total transaction of $137,786.58. Following the completion of the sale, the insider directly owned 10,731 shares of the company’s stock, valued at $571,103.82. The trade was a 19.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 22,110 shares of company stock worth $1,168,920. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Fluor from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group reiterated a “buy” rating and set a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. Citigroup boosted their price objective on shares of Fluor from $57.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.33.

Fluor Price Performance

Shares of FLR stock opened at $52.95 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $7.58 billion, a P/E ratio of -67.88, a P/E/G ratio of 1.31 and a beta of 1.33. The company’s 50-day simple moving average is $48.03 and its two-hundred day simple moving average is $45.88. Fluor Corporation has a one year low of $34.28 and a one year high of $57.50.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 17th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.Fluor’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, equities analysts anticipate that Fluor Corporation will post 2.75 EPS for the current year.

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.