Haven Private LLC Buys Shares of 4,460 Fluor Corporation $FLR

Haven Private LLC bought a new stake in shares of Fluor Corporation (NYSE:FLR) in the second quarter, Holdings Channel reports. The fund bought 4,460 shares of the construction company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Fluor by 43.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock valued at $130,630,000 after purchasing an additional 1,104,350 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fluor by 21.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock valued at $109,847,000 after acquiring an additional 550,793 shares in the last quarter. Greenhouse Funds LLLP increased its position in shares of Fluor by 1.2% during the first quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock valued at $88,382,000 after acquiring an additional 29,404 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Fluor by 145.1% during the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock valued at $57,276,000 after acquiring an additional 962,382 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Fluor by 4,097.7% during the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company’s stock valued at $47,723,000 after acquiring an additional 1,300,568 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

FLR has been the subject of several analyst reports. Wall Street Zen downgraded shares of Fluor from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. KeyCorp downgraded shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target for the company. in a research report on Tuesday, July 15th. Robert W. Baird reduced their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research report on Tuesday, October 14th. Finally, UBS Group cut their target price on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.43.

Fluor Trading Down 0.0%

NYSE:FLR opened at $48.78 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a market cap of $7.89 billion, a PE ratio of 2.01 and a beta of 1.48. The company has a 50 day simple moving average of $44.11 and a two-hundred day simple moving average of $44.28.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.16). The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Research analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current year.

About Fluor

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.