Jupiter Topco LLC Makes New $3.14 Million Investment in Fluor Corporation $FLR

Jupiter Topco LLC acquired a new position in shares of Fluor Corporation (NYSE:FLR) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 59,902 shares of the construction company’s stock, valued at approximately $3,139,000.

Several other hedge funds also recently added to or reduced their stakes in FLR. NewEdge Advisors LLC boosted its holdings in shares of Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock valued at $361,000 after buying an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Fluor by 337.7% in the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock valued at $587,000 after buying an additional 12,645 shares during the last quarter. Caxton Associates LLP acquired a new stake in Fluor during the 1st quarter worth $266,000. Acadian Asset Management LLC purchased a new stake in Fluor in the first quarter valued at $54,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Fluor by 7.0% in 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 in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings downgraded Fluor from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, August 21st. UBS Group upped their target price on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Truist Financial reaffirmed a “buy” rating and set a $71.00 price target (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Finally, Robert W. Baird boosted their price objective on Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.33.

Fluor Trading Up 0.6%

Shares of Fluor stock opened at $56.61 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market capitalization of $7.57 billion, a P/E ratio of -4.61, a PEG ratio of 1.77 and a beta of 1.26. Fluor Corporation has a 1 year low of $39.33 and a 1 year high of $57.93. The company’s fifty day moving average is $51.72 and its two-hundred day moving average is $49.43.

Fluor (NYSE:FLR) last announced its earnings results on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. Analysts forecast that Fluor Corporation will post 2.66 earnings per share for the current year.

Insider Transactions at Fluor

In other Fluor news, insider Pierre Edward Bechelany sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total transaction of $276,200.00. Following the completion of the sale, the insider directly owned 36,064 shares of the company’s stock, valued at $1,992,175.36. This represents a 12.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by company insiders.

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.