Fluor Corporation $FLR Holdings Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in shares of Fluor Corporation (NYSE:FLR) by 38.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,435 shares of the construction company’s stock after purchasing an additional 58,333 shares during the quarter. Edgestream Partners L.P.’s holdings in Fluor were worth $9,723,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts have weighed in on FLR shares. Citigroup dropped their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Robert W. Baird lifted their target price on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Truist Financial boosted their price target on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Zacks Research lowered Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Four 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.20.

Fluor Stock Performance

Shares of FLR opened at $46.83 on Thursday. The company has a market capitalization of $6.54 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. Fluor Corporation has a one year low of $37.62 and a one year high of $57.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The company’s fifty day moving average price is $50.04 and its 200 day moving average price is $48.18.

Fluor (NYSE:FLR) last released 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 for the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. As a group, analysts expect that Fluor Corporation will post 2.63 earnings per share 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.