Fluor Corporation $FLR Shares Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. decreased its holdings in Fluor Corporation (NYSE:FLR) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,309 shares of the construction company’s stock after selling 22,345 shares during the quarter. Orange Investment Advisors Inc. owned about 0.08% of Fluor worth $5,286,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its stake in shares of Fluor by 11.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 26,213 shares of the construction company’s stock worth $1,223,000 after purchasing an additional 2,687 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Fluor in the first quarter valued at about $2,179,000. OP Asset Management Ltd purchased a new stake in Fluor during the first quarter worth about $4,271,000. SG Americas Securities LLC boosted its holdings in Fluor by 4.8% during the first quarter. SG Americas Securities LLC now owns 47,894 shares of the construction company’s stock worth $2,234,000 after buying an additional 2,187 shares in the last quarter. Finally, Diversified Trust Co grew its position in Fluor by 10.6% during the first quarter. Diversified Trust Co now owns 46,274 shares of the construction company’s stock worth $2,159,000 after buying an additional 4,439 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Citigroup lowered their price target on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Truist Financial reaffirmed a “buy” rating and set a $57.00 price objective (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Finally, Robert W. Baird boosted their target price on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Fluor Stock Down 0.0%

FLR opened at $53.62 on Monday. The firm has a market cap of $7.49 billion, a P/E ratio of 31.17, a PEG ratio of 1.69 and a beta of 1.25. The business’s fifty day simple moving average is $48.76 and its 200 day simple moving average is $46.81. Fluor Corporation has a 52 week low of $37.62 and a 52 week high of $57.50. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36.

Fluor (NYSE:FLR) last announced its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share 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 analyst estimates of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts anticipate that Fluor Corporation will post 2.64 EPS for the current fiscal year.

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.