Bastion Asset Management Inc. Makes New Investment in Fluor Corporation $FLR

Bastion Asset Management Inc. purchased a new stake in shares of Fluor Corporation (NYSE:FLR) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 84,361 shares of the construction company’s stock, valued at approximately $3,594,000. Fluor comprises approximately 2.1% of Bastion Asset Management Inc.’s portfolio, making the stock its 20th biggest position. Bastion Asset Management Inc. owned about 0.05% of Fluor at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FLR. MTM Investment Management LLC bought a new stake in Fluor during the second quarter valued at approximately $26,000. IFP Advisors Inc purchased a new stake in shares of Fluor during the 2nd quarter valued at $27,000. Hantz Financial Services Inc. lifted its holdings in shares of Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after acquiring an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Fluor in the second quarter worth $33,000. Finally, CoreCap Advisors LLC increased its stake in Fluor by 129.5% in the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FLR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. DA Davidson lifted their price target on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. UBS Group cut their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Truist Financial lifted their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $49.57.

Fluor Stock Performance

NYSE:FLR opened at $45.49 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50. The firm has a market cap of $7.33 billion, a PE ratio of 2.31, a price-to-earnings-growth ratio of 6.62 and a beta of 1.37. The business has a 50 day moving average price of $43.91 and a 200-day moving average price of $43.78.

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.