Fluor Corporation $FLR Shares Purchased by State of Wyoming

State of Wyoming grew its position in shares of Fluor Corporation (NYSE:FLR) by 279.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,674 shares of the construction company’s stock after purchasing an additional 21,112 shares during the period. State of Wyoming’s holdings in Fluor were worth $1,136,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC grew its stake in Fluor by 91.7% in the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after acquiring an additional 311 shares during the period. Assetmark Inc. boosted its holdings in shares of Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares during the last quarter. 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 purchasing an additional 734 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Fluor in the fourth quarter valued at $35,000. Finally, Banque Transatlantique SA boosted its stake in Fluor by 312.5% in the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $50.23 on Thursday. The firm’s fifty day simple moving average is $47.48 and its 200 day simple moving average is $45.73. 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 Corporation has a twelve month low of $37.62 and a twelve month high of $57.50. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.53 and a beta of 1.25.

Fluor (NYSE:FLR) last announced 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). The company 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 firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, equities research analysts expect that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on FLR. Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. UBS Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Fluor in a research report on Thursday, February 19th. Robert W. Baird lifted their target price on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Truist Financial reissued a “buy” rating and set a $57.00 price target (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. Finally, Citigroup cut 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. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

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.