Simon Quick Advisors LLC Purchases New Position in Fluor Corporation $FLR

Simon Quick Advisors LLC acquired a new position in Fluor Corporation (NYSE:FLR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,400 shares of the construction company’s stock, valued at approximately $485,000.

A number of other large investors have also recently made changes to their positions in FLR. Seelaus Asset Management LLC lifted its stake in Fluor by 2.9% in the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock worth $348,000 after acquiring an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Fluor by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after purchasing an additional 248 shares during the period. Clear Creek Financial Management LLC raised its holdings in Fluor by 2.7% in the 4th quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock worth $466,000 after purchasing an additional 310 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Fluor by 91.7% in the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after purchasing an additional 311 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Fluor by 5.8% during the 3rd quarter. Allworth Financial LP now owns 6,871 shares of the construction company’s stock valued at $289,000 after purchasing an additional 374 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Price Performance

Shares of NYSE FLR opened at $49.18 on Friday. The company has a 50 day simple moving average of $49.00 and a two-hundred day simple moving average of $47.66. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.50. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.89 billion. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. Analysts expect that Fluor Corporation will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.