Fluor Corporation $FLR Shares Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. reduced its stake in shares of Fluor Corporation (NYSE:FLR) by 16.5% during the 1st quarter, HoldingsChannel reports. The fund owned 113,309 shares of the construction company’s stock after selling 22,345 shares during the period. Orange Investment Advisors Inc.’s holdings in Fluor were worth $5,286,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Starboard Value LP acquired a new position in shares of Fluor in the 4th quarter valued at $205,732,000. AQR Capital Management LLC raised its position in shares of Fluor by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after buying an additional 3,203,712 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Fluor by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock valued at $178,962,000 after acquiring an additional 377,985 shares during the last quarter. Rubric Capital Management LP grew its position in Fluor by 12.5% during the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock valued at $189,315,000 after acquiring an additional 500,000 shares during the period. Finally, Morgan Stanley increased its stake in Fluor by 0.6% during the fourth quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock worth $134,969,000 after acquiring an additional 20,210 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLR has been the subject of a number of research reports. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Citigroup decreased their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Truist Financial reissued a “buy” rating and issued a $57.00 price objective (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. Finally, 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 report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

Fluor Trading Down 0.0%

Shares of FLR opened at $53.62 on Monday. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The stock has a 50-day moving average price of $48.76 and a 200 day moving average price of $46.81. 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 company has a market capitalization of $7.49 billion, a P/E ratio of 31.17, a P/E/G ratio of 1.69 and a beta of 1.25.

Fluor (NYSE:FLR) last announced its 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 earnings per share. Sell-side analysts forecast that Fluor Corporation will post 2.64 EPS for the current fiscal year.

Fluor 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.