Aristeia Capital L.L.C. Purchases New Shares in Fluor Corporation $FLR

Aristeia Capital L.L.C. acquired a new position in Fluor Corporation (NYSE:FLR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,219 shares of the construction company’s stock, valued at approximately $722,000.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after acquiring an additional 311 shares during the period. Assetmark Inc. grew its stake in 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 acquiring an additional 483 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Fluor during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after purchasing an additional 734 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Fluor during the fourth quarter valued at approximately $35,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR stock opened at $51.83 on Thursday. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50. The company’s 50-day moving average is $48.11 and its 200 day moving average is $46.31. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. 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 announced its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. Sell-side analysts expect that Fluor Corporation will post 2.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. DA Davidson lifted their target price on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Citigroup lowered their price target 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. Truist Financial reiterated a “buy” rating and set a $57.00 price target (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Zacks Research downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, UBS Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Fluor in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.