Rokos Capital Management LLP Buys New Shares in Fluor Corporation $FLR

Rokos Capital Management LLP purchased a new position in shares of Fluor Corporation (NYSE:FLR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 129,789 shares of the construction company’s stock, valued at approximately $6,053,000.

A number of other hedge funds also recently made changes to their positions in FLR. Global Retirement Partners LLC grew its stake in shares of Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after buying an additional 311 shares during the period. Assetmark Inc. raised its position 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 buying an additional 483 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Fluor in the 4th quarter worth $27,000. Larson Financial Group LLC boosted its holdings in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after acquiring an additional 734 shares during the last quarter. Finally, Banque Transatlantique SA grew 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 acquiring an additional 625 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on FLR shares. Citigroup dropped their price target on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Truist Financial increased their target price on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Robert W. Baird lifted their price target on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Fluor presently has a consensus rating of “Hold” and a consensus target price of $57.20.

Fluor Stock Down 1.1%

Shares of NYSE FLR opened at $51.60 on Tuesday. Fluor Corporation has a 12-month low of $37.62 and a 12-month high of $57.50. The company has a market cap of $7.21 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.65 and a beta of 1.23. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $49.83 and a 200 day moving average price of $48.12.

Fluor (NYSE:FLR) last issued 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 return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Research analysts anticipate that Fluor Corporation will post 2.63 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.