Fox Run Management L.L.C. Invests $622,000 in Fluor Corporation $FLR

Fox Run Management L.L.C. acquired a new position in shares of Fluor Corporation (NYSE:FLR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,789 shares of the construction company’s stock, valued at approximately $622,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after acquiring an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Fluor by 337.7% during the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after purchasing an additional 12,645 shares during the period. Caxton Associates LLP bought a new stake in Fluor in the first quarter worth approximately $266,000. Acadian Asset Management LLC acquired a new position in Fluor in the first quarter valued at approximately $54,000. Finally, AlphaQuest LLC boosted its holdings in shares of Fluor by 104.2% during the 2nd quarter. AlphaQuest LLC now owns 4,126 shares of the construction company’s stock worth $212,000 after buying an additional 2,105 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Shares of NYSE:FLR opened at $52.27 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.66 billion, a PE ratio of -67.02, a price-to-earnings-growth ratio of 1.32 and a beta of 1.37. The stock’s fifty day simple moving average is $45.63 and its two-hundred day simple moving average is $44.30. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50.

Fluor (NYSE:FLR) last announced its 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 negative net margin of 0.34% and a positive return on equity of 7.96%. The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the subject of several research reports. Weiss Ratings downgraded Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group restated a “buy” rating and set a $57.00 price target on shares of Fluor in a research note on Thursday, February 19th. Zacks Research raised shares of Fluor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, Citigroup lifted their price objective on shares of Fluor from $57.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.33.

Insider Activity

In other news, insider Mark E. Fields sold 5,178 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $52.36, for a total value of $271,120.08. Following the transaction, the insider owned 194,514 shares in the company, valued at $10,184,753.04. The trade was a 2.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin B. Hammonds sold 2,988 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $52.61, for a total value of $157,198.68. Following the completion of the transaction, the insider directly owned 16,273 shares of the company’s stock, valued at approximately $856,122.53. This represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,110 shares of company stock worth $1,168,920. Corporate insiders own 1.70% of the company’s stock.

About Fluor

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.