53,518 Shares in Fluor Corporation $FLR Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in Fluor Corporation (NYSE:FLR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 53,518 shares of the construction company’s stock, valued at approximately $2,121,000.

A number of other hedge funds have also modified their holdings of FLR. Assetmark Inc. grew its holdings in shares of Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after acquiring an additional 483 shares during the last quarter. Larson Financial Group LLC raised its position in Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares during the period. Banque Transatlantique SA raised its position in Fluor by 312.5% during the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock valued at $43,000 after buying an additional 625 shares during the period. V Square Quantitative Management LLC acquired a new position in Fluor during the fourth quarter valued at $52,000. Finally, CIBC Private Wealth Group LLC raised its position in Fluor by 1,167.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock valued at $53,000 after buying an additional 1,167 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fluor

In other news, insider Kevin B. Hammonds sold 2,988 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $52.61, for a total transaction of $157,198.68. Following the completion of the sale, the insider owned 16,273 shares in the company, valued at approximately $856,122.53. This represents a 15.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark E. Fields sold 5,178 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $52.36, for a total value of $271,120.08. Following the sale, the insider owned 194,514 shares of the company’s stock, valued at approximately $10,184,753.04. This trade represents a 2.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,110 shares of company stock worth $1,168,920 in the last 90 days. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FLR. Robert W. Baird upped their price target on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Citigroup dropped their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. UBS Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Fluor in a research report on Thursday, February 19th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $57.00 target price (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Fluor Stock Performance

FLR opened at $42.53 on Wednesday. The company has a market cap of $5.94 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.33. The stock has a 50-day moving average of $47.18 and a 200-day moving average of $45.72. Fluor Corporation has a 52-week low of $37.33 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

Fluor (NYSE:FLR) last released its quarterly 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 company had revenue of $3.66 billion for 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 business’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. As a group, equities research analysts forecast that Fluor Corporation will post 2.74 earnings per share for the current fiscal 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.