Fluor Corporation $FLR Holdings Increased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of Fluor Corporation (NYSE:FLR) by 109.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,173 shares of the construction company’s stock after acquiring an additional 34,650 shares during the quarter. Pacer Advisors Inc.’s holdings in Fluor were worth $2,622,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Seelaus Asset Management LLC increased its position in shares of Fluor by 2.9% during the 4th quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock valued at $348,000 after purchasing an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Fluor by 7.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after acquiring an additional 248 shares during the period. Clearstead Advisors LLC grew its holdings in Fluor by 20.9% during the third quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock worth $67,000 after acquiring an additional 276 shares during the period. Clear Creek Financial Management LLC raised its position in Fluor by 2.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock worth $466,000 after acquiring an additional 310 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Fluor by 91.7% in the 4th 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 during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FLR. Citigroup lowered their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Truist Financial reaffirmed a “buy” rating and issued a $57.00 price target (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. 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 report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Fluor Stock Performance

Shares of FLR opened at $53.33 on Wednesday. The company has a 50-day moving average of $48.50 and a two-hundred day moving average of $46.62. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 1.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts expect that Fluor Corporation will post 2.69 earnings per share for the current year.

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.