Sivia Capital Partners LLC Acquires Shares of 11,387 Fluor Corporation $FLR

Sivia Capital Partners LLC acquired a new stake in Fluor Corporation (NYSE:FLR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,387 shares of the construction company’s stock, valued at approximately $451,000.

A number of other institutional investors also recently added to or reduced their stakes in FLR. NewEdge Advisors LLC boosted its holdings in Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock valued at $361,000 after purchasing an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Fluor by 337.7% in the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock valued at $587,000 after purchasing an additional 12,645 shares in the last quarter. Caxton Associates LLP purchased a new stake in Fluor in the 1st quarter valued at approximately $266,000. Acadian Asset Management LLC acquired a new stake in shares of Fluor during the 1st quarter valued at approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Robert W. Baird raised their price objective on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. DA Davidson raised their price objective on Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. UBS Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Fluor in a research note on Thursday, February 19th. Finally, Citigroup cut 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 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Fluor Stock Down 5.6%

FLR stock opened at $47.59 on Friday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 27.67, a PEG ratio of 1.56 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. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The company has a 50 day moving average price of $47.54 and a two-hundred day moving average price of $45.80.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate 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 return on equity of 5.90% and a net margin of 2.30%.The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. As a group, sell-side analysts expect that Fluor Corporation will post 2.69 EPS for the current year.

About Fluor

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.