Dayah Capital LLC Makes New $8.41 Million Investment in Fluor Corporation $FLR

Dayah Capital LLC acquired a new stake in Fluor Corporation (NYSE:FLR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 180,215 shares of the construction company’s stock, valued at approximately $8,407,000. Fluor accounts for about 3.2% of Dayah Capital LLC’s holdings, making the stock its 7th largest position.

Several other large investors also recently modified their holdings of FLR. Global Retirement Partners LLC boosted its holdings 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 worth $26,000 after buying an additional 311 shares during the period. Assetmark Inc. raised its holdings in Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after acquiring an additional 483 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Fluor during the fourth quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings in shares of Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after acquiring an additional 734 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Fluor during the fourth quarter worth approximately $35,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FLR shares. Truist Financial increased their target price on Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup decreased their price objective on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Zacks Research cut Fluor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Robert W. Baird upped their price target on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fluor currently has a consensus rating of “Hold” and a consensus price target of $57.20.

Fluor Stock Up 7.1%

NYSE FLR opened at $50.16 on Friday. The business has a fifty day moving average price of $50.15 and a two-hundred day moving average price of $48.22. The stock has a market capitalization of $7.01 billion, a PE ratio of 29.16, a PEG ratio of 1.48 and a beta of 1.23. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78.

Fluor (NYSE:FLR) last issued 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). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. Equities analysts expect that Fluor Corporation will post 2.63 earnings per share 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.