Qsemble Capital Management LP Buys 68,889 Shares of Fluor Corporation $FLR

Qsemble Capital Management LP boosted its stake in shares of Fluor Corporation (NYSE:FLR) by 155.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,192 shares of the construction company’s stock after acquiring an additional 68,889 shares during the quarter. Qsemble Capital Management LP’s holdings in Fluor were worth $4,486,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FLR. NewEdge Advisors LLC increased its stake in Fluor by 40.3% during the first quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after acquiring an additional 2,896 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Fluor by 337.7% during the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after acquiring an additional 12,645 shares during the last quarter. Caxton Associates LLP bought a new stake in Fluor during the first quarter worth approximately $266,000. Acadian Asset Management LLC bought a new position in shares of Fluor during the first quarter valued at approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Fluor by 7.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after buying an additional 248 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 2.4%

Shares of NYSE FLR opened at $44.41 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.91 and a current ratio of 1.78. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.38 and a beta of 1.33. The stock has a 50 day moving average price of $47.27 and a 200 day moving average price of $45.82. Fluor Corporation has a 52-week low of $37.33 and a 52-week high of $57.50.

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 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 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 previous year, the firm posted $0.73 EPS. Sell-side analysts expect that Fluor Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

FLR has been the topic of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $57.00 target price (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Citigroup cut their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. DA Davidson upped their target price on Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Zacks Research cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Insider Transactions at Fluor

In related news, insider Michael E. Alexander sold 3,387 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the sale, the insider owned 68,664 shares in the company, valued at approximately $3,643,998.48. The trade was a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Fields sold 5,178 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $52.36, for a total value of $271,120.08. Following the completion of the sale, the insider owned 194,514 shares of the company’s stock, valued at $10,184,753.04. The trade was a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,110 shares of company stock valued at $1,168,920 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

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.