Public Employees Retirement System of Ohio Boosts Holdings in Fluor Corporation $FLR

Public Employees Retirement System of Ohio increased its stake in shares of Fluor Corporation (NYSE:FLR) by 524.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,430 shares of the construction company’s stock after acquiring an additional 19,680 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Fluor were worth $1,093,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Fluor during the fourth quarter worth approximately $1,350,000. Pacific Heights Asset Management LLC grew its position in shares of Fluor by 23.1% during the fourth quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the construction company’s stock worth $15,852,000 after acquiring an additional 75,000 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Fluor in the 4th quarter valued at $863,000. CWM LLC raised its position in Fluor by 68.1% in the 4th quarter. CWM LLC now owns 91,639 shares of the construction company’s stock valued at $3,632,000 after purchasing an additional 37,112 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Fluor during the 4th quarter worth $2,121,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Fluor Price Performance

Shares of FLR opened at $50.19 on Tuesday. 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’s 50 day moving average is $50.36 and its two-hundred day moving average is $48.30. Fluor Corporation has a twelve month low of $39.33 and a twelve month high of $54.79. The firm has a market capitalization of $7.01 billion, a PE ratio of 29.18, a P/E/G ratio of 1.59 and a beta of 1.25.

Fluor (NYSE:FLR) last issued its earnings results 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). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company posted $0.73 earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. Research analysts anticipate that Fluor Corporation will post 2.63 earnings per share for the current year.

Fluor Company 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.