Lombard Odier Asset Management USA Corp Takes Position in Fluor Corporation $FLR

Lombard Odier Asset Management USA Corp acquired a new stake in Fluor Corporation (NYSE:FLR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 17,711 shares of the construction company’s stock, valued at approximately $702,000.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 377,985 shares during the period. Rubric Capital Management LP increased its stake in shares of Fluor by 12.5% during the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock worth $189,315,000 after purchasing an additional 500,000 shares during the period. Morgan Stanley increased its stake in shares of 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 purchasing an additional 20,210 shares during the period. Alliancebernstein L.P. increased its stake in shares of Fluor by 27.4% during the third quarter. Alliancebernstein L.P. now owns 3,280,423 shares of the construction company’s stock worth $138,007,000 after purchasing an additional 704,779 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Fluor by 0.3% during the third quarter. Northern Trust Corp now owns 2,109,240 shares of the construction company’s stock worth $88,736,000 after purchasing an additional 6,675 shares during the period. 88.07% of the stock is owned by institutional investors.

Fluor Price Performance

Fluor stock opened at $50.64 on Wednesday. The stock’s fifty day moving average price is $48.01 and its two-hundred day moving average price is $46.25. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. 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 firm has a market cap of $7.07 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25.

Fluor (NYSE:FLR) last posted its quarterly earnings data 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 return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business earned $0.73 EPS. Fluor’s revenue was down 8.0% on a year-over-year basis. As a group, research analysts expect that Fluor Corporation will post 2.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of recent research reports. DA Davidson increased their target price on Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Truist Financial reaffirmed a “buy” rating and set a $57.00 price target (down from $59.00) on shares of Fluor in a research report on Monday, May 11th. UBS Group reaffirmed a “buy” rating and set a $57.00 price target on shares of Fluor in a research report on Thursday, February 19th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.33.

Fluor Company 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.