Fluor Corporation $FLR Holdings Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in shares of Fluor Corporation (NYSE:FLR) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,121 shares of the construction company’s stock after selling 12,200 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Fluor worth $5,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FLR. Seelaus Asset Management LLC increased its position in Fluor by 2.9% in the 4th quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock valued at $348,000 after acquiring an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Fluor by 2.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock valued at $466,000 after purchasing an additional 310 shares during the period. Global Retirement Partners LLC raised its stake in shares of Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Fluor by 5.8% during the third quarter. Allworth Financial LP now owns 6,871 shares of the construction company’s stock valued at $289,000 after purchasing an additional 374 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FLR shares. Citigroup decreased their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Truist Financial upped their price target on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

Fluor Price Performance

Shares of Fluor stock opened at $49.38 on Monday. Fluor Corporation has a 52 week low of $37.62 and a 52 week high of $57.50. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.90 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The company’s 50-day moving average price is $49.07 and its two-hundred day moving average price is $47.07.

Fluor (NYSE:FLR) last announced its quarterly earnings data 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm earned $0.73 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluor Corporation will post 2.63 EPS for the current fiscal year.

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.