Fox Run Management L.L.C. Grows Holdings in Fluor Corporation $FLR

Fox Run Management L.L.C. lifted its holdings in Fluor Corporation (NYSE:FLR) by 222.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,633 shares of the construction company’s stock after buying an additional 32,844 shares during the quarter. Fox Run Management L.L.C.’s holdings in Fluor were worth $1,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock worth $174,077,000 after buying an additional 328,122 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Fluor in the 4th quarter worth about $1,350,000. Goodman Financial Corp purchased a new stake in shares of Fluor in the 4th quarter worth about $7,610,000. Hudson Bay Capital Management LP grew its position in shares of Fluor by 310.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock worth $4,127,000 after buying an additional 74,231 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in shares of Fluor in the 4th quarter worth about $863,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Performance

Shares of FLR stock opened at $49.53 on Tuesday. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The company’s 50-day moving average is $47.60 and its 200 day moving average is $45.89. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.47 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.

Fluor (NYSE:FLR) last posted 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 company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. Fluor’s 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. Sell-side analysts expect that Fluor Corporation will post 2.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FLR shares. Citigroup reduced their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. DA Davidson increased their price objective on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. UBS Group reissued a “buy” rating and set a $57.00 price objective on shares of Fluor in a research report on Thursday, February 19th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Truist Financial reissued a “buy” rating and set a $57.00 price objective (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

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.