Mutual Advisors LLC Makes New $863,000 Investment in Fluor Corporation $FLR

Key Points

• Mutual Advisors LLC opened a new position in Fluor (NYSE:FLR) in Q4, buying 21,788 shares worth about $863,000.
• Fluor missed quarterly expectations with EPS of $0.33 (vs. $0.34 expected) and revenue of $4.18B (vs. $4.27B expected); the stock trades near $52.47 with a one-year range of $34.28–$57.50 and analysts forecast ~2.75 EPS for the year.
• Institutional ownership is high at 88.07% after several large funds added or raised stakes, while insiders sold 22,110 shares (~$1.17M) last quarter and now own about 1.7% of the company.

Mutual Advisors LLC purchased a new position in Fluor Corporation (NYSE:FLR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,788 shares of the construction company's stock, valued at approximately $863,000.

Several other hedge funds have also bought and sold shares of the stock. Rubric Capital Management LP purchased a new stake in shares of Fluor during the 2nd quarter valued at about $205,080,000. Sourcerock Group LLC purchased a new stake in shares of Fluor during the 2nd quarter valued at about $85,327,000. Ameriprise Financial Inc. raised its position in shares of Fluor by 361.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company's stock valued at $77,289,000 after buying an additional 1,180,838 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Fluor by 90.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company's stock valued at $81,339,000 after buying an additional 755,337 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Fluor by 27.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,280,423 shares of the construction company's stock valued at $138,007,000 after buying an additional 704,779 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Fluor stock opened at $52.47 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91. Fluor Corporation has a 1-year low of $34.28 and a 1-year high of $57.50. The firm has a market capitalization of $7.51 billion, a P/E ratio of -67.27, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The company's 50-day moving average is $48.04 and its 200 day moving average is $45.87.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. Research analysts forecast that Fluor Corporation will post 2.75 EPS for the current year.

Insider Buying and Selling at Fluor

In other news, insider Michael E. Alexander sold 3,387 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total transaction of $179,748.09. Following the transaction, the insider directly owned 68,664 shares in the company, valued at approximately $3,643,998.48. This trade represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin B. Hammonds sold 2,988 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $52.61, for a total transaction of $157,198.68. Following the transaction, the insider owned 16,273 shares in the company, valued at approximately $856,122.53. This represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 22,110 shares of company stock valued at $1,168,920. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FLR has been the topic of several recent research reports. Wall Street Zen upgraded shares of Fluor from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. 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. Zacks Research cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. Citigroup upped their target price on shares of Fluor from $57.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Finally, Weiss Ratings cut shares of Fluor from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $54.33.

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.

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