Thompson Siegel & Walmsley LLC Acquires Shares of 997,876 Fluor Corporation $FLR

Thompson Siegel & Walmsley LLC acquired a new stake in Fluor Corporation (NYSE:FLR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 997,876 shares of the construction company’s stock, valued at approximately $39,546,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted 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 valued at $361,000 after acquiring an additional 2,896 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Fluor by 337.7% during the 1st 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 during the period. Caxton Associates LLP acquired a new stake in shares of Fluor during the 1st quarter worth approximately $266,000. Acadian Asset Management LLC purchased a new position in shares of Fluor during the 1st quarter valued at approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after purchasing an additional 248 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Down 0.0%

FLR stock opened at $45.75 on Monday. Fluor Corporation has a 52 week low of $37.62 and a 52 week high of $57.50. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $47.35 and a 200-day simple moving average of $45.65. The stock has a market capitalization of $6.39 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.42 and a beta of 1.25.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.89 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities analysts forecast that Fluor Corporation will post 2.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLR has been the topic of several analyst reports. DA Davidson raised their price target 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. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. UBS Group restated a “buy” rating and set a $57.00 target price on shares of Fluor in a research report on Thursday, February 19th. Citigroup cut 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. Finally, Robert W. Baird upped their price target on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and an average 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.