King Luther Capital Management Corp Trims Stock Position in Fluor Corporation $FLR

King Luther Capital Management Corp reduced its stake in shares of Fluor Corporation (NYSE:FLRFree Report) by 34.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 212,011 shares of the construction company’s stock after selling 109,520 shares during the quarter. King Luther Capital Management Corp’s holdings in Fluor were worth $8,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FLR. MTM Investment Management LLC purchased a new stake in Fluor during the 2nd quarter worth about $26,000. IFP Advisors Inc acquired a new stake in shares of Fluor during the 2nd quarter worth about $27,000. Hantz Financial Services Inc. grew its holdings in shares of Fluor by 2,695.2% during the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after buying an additional 566 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Fluor by 129.5% during the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Fluor during the second quarter worth approximately $33,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Trading Up 4.2%

Shares of FLR opened at $52.75 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.45. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $57.50. The stock has a market cap of $7.73 billion, a PE ratio of -67.63, a P/E/G ratio of 7.37 and a beta of 1.37. The stock’s 50-day moving average is $44.36 and its two-hundred day moving average is $43.86.

Fluor (NYSE:FLRGet Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The company had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

More Fluor News

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Wall Street Analysts Forecast Growth

FLR has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday. DA Davidson raised their price target on Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group reiterated a “buy” rating and issued a $57.00 price target on shares of Fluor in a report on Thursday. Finally, Weiss Ratings lowered Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.71.

Get Our Latest Research Report on FLR

Fluor Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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