Virtu Financial LLC Has $1.38 Million Position in Fluor Corporation $FLR

Virtu Financial LLC lifted its holdings in shares of Fluor Corporation (NYSE:FLR) by 41.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,761 shares of the construction company’s stock after purchasing an additional 10,265 shares during the period. Virtu Financial LLC’s holdings in Fluor were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after acquiring an additional 328,122 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Fluor during the fourth quarter worth approximately $1,350,000. Goodman Financial Corp acquired a new position in shares of Fluor during the fourth quarter worth approximately $7,610,000. Hudson Bay Capital Management LP grew its stake in shares of Fluor by 310.9% during the third quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock valued at $4,127,000 after purchasing an additional 74,231 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Fluor in the fourth quarter valued at approximately $863,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on FLR shares. Zacks Research cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Truist Financial reissued a “buy” rating and issued a $57.00 target price (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Robert W. Baird boosted 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. Citigroup decreased their price target on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” 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 MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Fluor Price Performance

FLR opened at $53.59 on Friday. The company has a fifty day moving average price of $48.32 and a two-hundred day moving average price of $46.44. The firm has a market capitalization of $7.48 billion, a PE ratio of 31.16, a P/E/G ratio of 1.66 and a beta of 1.25. Fluor Corporation has a 52 week low of $37.62 and a 52 week high of $57.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts anticipate that Fluor Corporation will post 2.69 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.