CenterBook Partners LP Has $4.42 Million Position in Fluor Corporation $FLR

CenterBook Partners LP lessened its position in Fluor Corporation (NYSE:FLR) by 61.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,538 shares of the construction company’s stock after selling 176,413 shares during the period. CenterBook Partners LP owned 0.07% of Fluor worth $4,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Fluor by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after buying an additional 328,122 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Fluor in the fourth quarter valued at about $1,350,000. Goodman Financial Corp acquired a new stake in shares of Fluor in the fourth quarter valued at about $7,610,000. Hudson Bay Capital Management LP increased its stake in shares of Fluor by 310.9% in 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 buying an additional 74,231 shares during the period. Finally, Mutual Advisors LLC acquired a new stake in shares of Fluor in the fourth quarter valued at about $863,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

FLR has been the subject of several recent research reports. Citigroup decreased their price target on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Truist Financial reissued a “buy” rating and issued a $57.00 price target (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. UBS Group reissued a “buy” rating and issued a $57.00 price target on shares of Fluor in a research note on Thursday, February 19th. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Fluor Trading Up 4.2%

NYSE FLR opened at $49.53 on Tuesday. The business has a 50 day simple moving average of $47.60 and a 200 day simple moving average of $45.89. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The stock has a market capitalization of $6.92 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.47 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 (NYSE:FLR) last released its 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business earned $0.73 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. Research analysts expect that Fluor Corporation will post 2.69 earnings per share for the current 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.