Fox Run Management L.L.C. Acquires 32,844 Shares of Fluor Corporation $FLR

Fox Run Management L.L.C. lifted its holdings in Fluor Corporation (NYSE:FLR) by 222.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,633 shares of the construction company’s stock after acquiring an additional 32,844 shares during the quarter. Fox Run Management L.L.C.’s holdings in Fluor were worth $1,888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FLR. Rubric Capital Management LP bought a new stake in shares of Fluor in the 2nd quarter worth approximately $205,080,000. Sourcerock Group LLC bought a new stake in shares of Fluor in the 2nd quarter worth approximately $85,327,000. Ameriprise Financial Inc. raised its holdings in Fluor by 361.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after buying an additional 1,180,838 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Fluor during the 4th quarter valued at $39,546,000. Finally, Balyasny Asset Management L.P. raised its holdings in Fluor by 90.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company’s stock valued at $81,339,000 after buying an additional 755,337 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 4.2%

Shares of Fluor stock opened at $49.53 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $47.60 and its two-hundred day simple moving average is $45.89. The company has a market cap of $6.92 billion, a P/E ratio of 28.80, a PEG ratio of 1.47 and a beta of 1.25. Fluor Corporation has a 12-month low of $37.62 and a 12-month high of $57.50.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. Research analysts anticipate that Fluor Corporation will post 2.69 EPS for the current year.

Analysts Set New Price Targets

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

Fluor 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.