First Trust Advisors LP Has $15.72 Million Stock Holdings in Fluor Corporation $FLR

First Trust Advisors LP boosted its position in Fluor Corporation (NYSE:FLR) by 34.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337,029 shares of the construction company’s stock after acquiring an additional 87,174 shares during the quarter. First Trust Advisors LP’s holdings in Fluor were worth $15,722,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Starboard Value LP acquired a new stake in shares of Fluor in the 4th quarter valued at $205,732,000. Rubric Capital Management LP acquired a new position in shares of Fluor during the 2nd quarter worth $205,080,000. AQR Capital Management LLC raised its holdings in shares of Fluor by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after buying an additional 3,203,712 shares in the last quarter. Sourcerock Group LLC bought a new stake in shares of Fluor during the 2nd quarter worth $85,327,000. Finally, Ameriprise Financial Inc. boosted its stake in Fluor by 361.6% in the second quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after buying an additional 1,180,838 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLR has been the subject of several research analyst reports. Citigroup lowered their target price 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 shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Truist Financial lifted their price target on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Zacks Research downgraded shares of Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Robert W. Baird raised their target price 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $57.20.

Fluor Price Performance

Fluor stock opened at $46.83 on Thursday. The stock has a 50-day moving average price of $50.04 and a two-hundred day moving average price of $48.18. Fluor Corporation has a 12 month low of $37.62 and a 12 month high of $57.00. The company has a market capitalization of $6.54 billion, a PE ratio of 27.23, a P/E/G ratio of 1.56 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.

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