12,500 Shares in Fluor Corporation $FLR Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in Fluor Corporation (NYSE:FLR) during the first quarter, Holdings Channel.com reports. The firm acquired 12,500 shares of the construction company’s stock, valued at approximately $583,000.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC raised its holdings in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after acquiring an additional 311 shares in the last quarter. Assetmark Inc. boosted its position in Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after acquiring an additional 483 shares during the period. Los Angeles Capital Management LLC acquired a new position in Fluor during the 4th quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Fluor during the fourth quarter valued at about $35,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Fluor Stock Down 0.7%

Fluor stock opened at $49.18 on Friday. 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 fifty day moving average price of $49.00 and a two-hundred day moving average price of $47.66. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 1.57 and a beta of 1.23. Fluor Corporation has a fifty-two week low of $37.62 and a fifty-two week high of $57.50.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company earned $0.73 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts forecast that Fluor Corporation will post 2.63 earnings per share for the current year.

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.