Anchor Capital Advisors LLC Cuts Position in Fluor Corporation $FLR

Anchor Capital Advisors LLC lessened its position in shares of Fluor Corporation (NYSE:FLR) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,086 shares of the construction company’s stock after selling 57,913 shares during the quarter. Anchor Capital Advisors LLC owned about 0.38% of Fluor worth $24,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Fluor by 40.3% in the first quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after purchasing an additional 2,896 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after buying an additional 12,645 shares during the period. Caxton Associates LLP bought a new stake in shares of Fluor during the 1st quarter worth approximately $266,000. Acadian Asset Management LLC purchased a new position in Fluor during the 1st quarter valued at $54,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 6.1%

FLR opened at $49.38 on Wednesday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.44 and a beta of 1.25. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. Fluor Corporation has a 12 month low of $37.62 and a 12 month high of $57.50. The stock has a fifty day moving average price of $47.33 and a 200-day moving average price of $45.65.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FLR. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup decreased their target price on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. DA Davidson lifted their target price on Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Robert W. Baird lifted their target price on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

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.