16,339 Shares in Fluor Corporation $FLR Bought by Legato Capital Management LLC

Legato Capital Management LLC acquired a new position in Fluor Corporation (NYSE:FLR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 16,339 shares of the construction company’s stock, valued at approximately $648,000.

A number of other large investors have also recently bought and sold shares of FLR. NewEdge Advisors LLC boosted its holdings in Fluor by 40.3% in the first quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after purchasing an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after purchasing an additional 12,645 shares in the last quarter. Caxton Associates LLP bought a new stake in Fluor in the first quarter worth $266,000. Acadian Asset Management LLC bought a new stake in Fluor in the first quarter worth $54,000. Finally, Northwestern Mutual Wealth Management Co. boosted 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 valued at $194,000 after acquiring an additional 248 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 4.3%

FLR stock opened at $46.80 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The company has a 50-day moving average of $47.24 and a two-hundred day moving average of $45.62. Fluor Corporation has a 52-week low of $37.62 and a 52-week high of $57.50. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FLR shares. UBS Group restated a “buy” rating and set a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. Citigroup decreased 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. Robert W. Baird upped their price target on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, DA Davidson upped their price target on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Fluor currently has an average rating of “Moderate Buy” and a consensus 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.