Fluor Corporation $FLR Shares Acquired by Goodman Financial Corp

Goodman Financial Corp boosted its stake in Fluor Corporation (NYSE:FLR) by 63.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 314,484 shares of the construction company’s stock after acquiring an additional 122,465 shares during the quarter. Fluor comprises 2.5% of Goodman Financial Corp’s holdings, making the stock its 17th biggest position. Goodman Financial Corp’s holdings in Fluor were worth $14,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Fluor in the fourth quarter worth approximately $1,350,000. Hudson Bay Capital Management LP increased its position in shares of Fluor by 310.9% during the 3rd quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock valued at $4,127,000 after purchasing an additional 74,231 shares during the period. Mutual Advisors LLC bought a new stake in shares of Fluor in the 4th quarter worth $863,000. Pacific Heights Asset Management LLC lifted its holdings in shares of Fluor by 23.1% in the fourth quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the construction company’s stock valued at $15,852,000 after buying an additional 75,000 shares during the period. Finally, CWM LLC boosted its stake in Fluor by 68.1% during the fourth quarter. CWM LLC now owns 91,639 shares of the construction company’s stock valued at $3,632,000 after buying an additional 37,112 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FLR has been the topic of several research reports. Zacks Research cut shares of Fluor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Robert W. Baird lifted their price objective on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Truist Financial boosted their target price on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Citigroup cut their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.20.

Fluor Price Performance

NYSE FLR opened at $49.45 on Friday. 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 1 year low of $37.62 and a 1 year high of $57.50. The company has a market cap of $6.91 billion, a PE ratio of 28.75, a PEG ratio of 1.61 and a beta of 1.23. The stock’s 50-day moving average price is $48.88 and its two-hundred day moving average price is $47.65.

Fluor (NYSE:FLR) last announced 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). The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, analysts predict that Fluor Corporation will post 2.63 EPS for the current year.

Fluor 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.