MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Acquires New Position in Fluor Co. (NYSE:FLR)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new position in shares of Fluor Co. (NYSE:FLRGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 328,505 shares of the construction company’s stock, valued at approximately $9,425,000.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Fluor during the first quarter worth approximately $47,000. UMB Bank N A MO purchased a new position in Fluor during the fourth quarter worth approximately $41,000. Vectors Research Management LLC purchased a new position in shares of Fluor in the 4th quarter valued at $50,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Fluor by 113.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,288 shares of the construction company’s stock valued at $57,000 after acquiring an additional 1,215 shares during the period. Finally, Rowland & Co. Investment Counsel ADV purchased a new position in shares of Fluor in the 4th quarter valued at $138,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group set a $26.00 price target on shares of Fluor in a report on Tuesday, July 19th. Citigroup lowered their price target on shares of Fluor from $31.00 to $27.00 in a report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $25.60.

Insider Activity

In other Fluor news, Director Matthew K. Rose purchased 40,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of $25.63 per share, with a total value of $1,025,200.00. Following the acquisition, the director now owns 80,764 shares of the company’s stock, valued at approximately $2,069,981.32. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Matthew K. Rose acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $1,025,200.00. Following the transaction, the director now directly owns 80,764 shares in the company, valued at approximately $2,069,981.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James T. Hackett acquired 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average price of $25.46 per share, for a total transaction of $763,800.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $254,600. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company’s stock.

Fluor Stock Down 9.1 %

FLR stock traded down $2.32 during mid-day trading on Friday, hitting $23.08. 4,103,302 shares of the company were exchanged, compared to its average volume of 1,293,731. The company has a market capitalization of $3.28 billion, a PE ratio of -29.21, a price-to-earnings-growth ratio of 0.53 and a beta of 2.58. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.60. Fluor Co. has a twelve month low of $14.41 and a twelve month high of $31.32. The firm has a fifty day simple moving average of $25.23 and a 200 day simple moving average of $25.43.

Fluor (NYSE:FLRGet Rating) last posted its quarterly earnings results on Friday, August 5th. The construction company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). Fluor had a negative net margin of 0.63% and a positive return on equity of 10.59%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that Fluor Co. will post 1.29 earnings per share for the current fiscal year.

About Fluor

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Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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