Hudson Bay Capital Management LP Has $4.13 Million Stake in Fluor Corporation $FLR

Hudson Bay Capital Management LP increased its stake in shares of Fluor Corporation (NYSE:FLR) by 310.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 98,107 shares of the construction company’s stock after acquiring an additional 74,231 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Fluor were worth $4,127,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FLR. CoreCap Advisors LLC lifted its holdings in Fluor by 129.5% during the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares during the period. Banque Transatlantique SA raised its position in shares of Fluor by 312.5% during the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after acquiring an additional 625 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Fluor by 1,167.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock valued at $53,000 after acquiring an additional 1,167 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Fluor in the first quarter valued at about $54,000. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. DA Davidson boosted their price target on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Truist Financial increased their price objective on shares of Fluor from $56.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Robert W. Baird lifted their target price on shares of Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

Fluor Price Performance

Shares of FLR opened at $44.81 on Friday. The stock has a market cap of $6.41 billion, a P/E ratio of -57.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.36. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The stock’s 50-day moving average price is $46.83 and its two-hundred day moving average price is $44.76. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.27 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael E. Alexander sold 3,387 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the sale, the insider owned 68,664 shares in the company, valued at $3,643,998.48. This represents a 4.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin B. Hammonds sold 2,988 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $52.61, for a total transaction of $157,198.68. Following the completion of the sale, the insider owned 16,273 shares of the company’s stock, valued at approximately $856,122.53. This represents a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 22,110 shares of company stock valued at $1,168,920. 1.70% of the stock is owned by company insiders.

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.