Ardsley Advisory Partners LP Sells 55,014 Shares of Fluor Corporation $FLR

Ardsley Advisory Partners LP reduced its stake in shares of Fluor Corporation (NYSE:FLR) by 40.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 79,986 shares of the construction company’s stock after selling 55,014 shares during the period. Ardsley Advisory Partners LP’s holdings in Fluor were worth $3,170,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FLR. Global Retirement Partners LLC increased its position in shares of Fluor by 91.7% in the fourth 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 period. Assetmark Inc. increased its position in shares of Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares during the period. Los Angeles Capital Management LLC bought a new stake in Fluor during the fourth quarter worth about $27,000. Larson Financial Group LLC boosted its stake in Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after acquiring an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Fluor during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $51.83 on Thursday. The firm has a 50-day moving average price of $48.11 and a 200-day moving average price of $46.31. The firm has a market capitalization of $7.24 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.57 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.

Fluor (NYSE:FLR) last released its 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). The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.Fluor’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. As a group, equities research analysts forecast that Fluor Corporation will post 2.69 EPS for the current year.

Analysts Set New Price Targets

FLR has been the topic of several analyst reports. DA Davidson upped their target price on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Citigroup reduced their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Truist Financial reissued a “buy” rating and issued a $57.00 price objective (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average 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.