46,700 Shares in Fluor Corporation $FLR Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Fluor Corporation (NYSE:FLR) during the first quarter, Holdings Channel reports. The firm acquired 46,700 shares of the construction company’s stock, valued at approximately $2,179,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLR. Global Retirement Partners LLC increased its stake in shares of Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after purchasing an additional 311 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC boosted its holdings in Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after buying an additional 734 shares during the period. Finally, Banque Transatlantique SA grew its stake in Fluor by 312.5% in the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock valued at $43,000 after buying an additional 625 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLR. 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. Truist Financial reiterated a “buy” rating and set a $57.00 price objective (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Fluor Trading Down 0.0%

NYSE FLR opened at $53.63 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $48.88 and its two-hundred day simple moving average is $46.88. Fluor Corporation has a twelve month low of $37.62 and a twelve month high of $57.50. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 1.69 and a beta of 1.25.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.Fluor’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Research analysts forecast that Fluor Corporation will post 2.64 EPS for the current fiscal year.

Fluor 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.