Troluce Capital Advisors LLC Takes Position in Fluor Corporation $FLR

Troluce Capital Advisors LLC acquired a new position in shares of Fluor Corporation (NYSE:FLR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 400,000 shares of the construction company’s stock, valued at approximately $18,660,000. Fluor makes up about 1.1% of Troluce Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC lifted its position in Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares during the last quarter. Assetmark Inc. grew its position in Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after acquiring an additional 483 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Fluor in the fourth quarter valued at $27,000. Larson Financial Group LLC raised its position in Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after purchasing an additional 734 shares in the last quarter. Finally, Banque Transatlantique SA lifted its stake in Fluor by 312.5% during the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Down 0.1%

NYSE FLR opened at $52.16 on Monday. 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 stock has a market capitalization of $7.28 billion, a PE ratio of 30.32, a PEG ratio of 1.65 and a beta of 1.23. Fluor Corporation has a 1 year low of $37.62 and a 1 year high of $57.50. The business’s 50-day moving average is $49.69 and its 200 day moving average is $48.08.

Fluor (NYSE:FLR) last released its quarterly 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 business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the company earned $0.73 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. Sell-side analysts forecast that Fluor Corporation will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird increased their price objective on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Truist Financial upped their target price on Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Zacks Research downgraded shares of Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Citigroup reduced their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fluor presently has a consensus rating of “Hold” and an average target price of $57.20.

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.