997,876 Shares in Fluor Corporation $FLR Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC bought a new position in shares of Fluor Corporation (NYSE:FLR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 997,876 shares of the construction company’s stock, valued at approximately $39,546,000. Thompson Siegel & Walmsley LLC owned 0.62% of Fluor as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Fluor by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after purchasing an additional 328,122 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Fluor in the 4th quarter valued at about $1,350,000. Goodman Financial Corp purchased a new position in shares of Fluor in the 4th quarter worth approximately $7,610,000. Hudson Bay Capital Management LP raised its stake in shares of Fluor by 310.9% during the 3rd quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock worth $4,127,000 after acquiring an additional 74,231 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Fluor by 30.7% during the third quarter. Thrivent Financial for Lutherans now owns 173,285 shares of the construction company’s stock valued at $7,291,000 after acquiring an additional 40,664 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Down 0.0%

Shares of FLR stock opened at $45.75 on Monday. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.50. The firm has a market capitalization of $6.39 billion, a PE ratio of 26.60, a P/E/G ratio of 1.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. The stock’s 50-day simple moving average is $47.35 and its 200-day simple moving average is $45.65.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Fluor’s quarterly revenue was down 8.0% on a year-over-year basis. Equities analysts expect that Fluor Corporation will post 2.69 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on FLR. Truist Financial reaffirmed a “buy” rating and issued a $57.00 price target (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Robert W. Baird increased their price target on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, DA Davidson upped their price objective on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

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.