316,107 Shares in Fluor Corporation $FLR Bought by Fisher Asset Management LLC

Fisher Asset Management LLC purchased a new stake in Fluor Corporation (NYSE:FLR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 316,107 shares of the construction company’s stock, valued at approximately $16,207,000.

A number of other large investors also recently modified their holdings of the business. MTM Investment Management LLC acquired a new stake in shares of Fluor in the second quarter valued at about $26,000. IFP Advisors Inc bought a new position in Fluor in the second quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its position in shares of Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Fluor in the 2nd quarter valued at approximately $33,000. Finally, Solstein Capital LLC bought a new position in shares of Fluor in the second quarter valued at $38,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a report on Monday. UBS Group lowered their price target on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Truist Financial raised their price objective on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, DA Davidson boosted their target price on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Fluor currently has an average rating of “Hold” and a consensus target price of $49.57.

Fluor Trading Up 3.4%

Shares of FLR stock opened at $44.09 on Thursday. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $57.50. The company has a market capitalization of $7.11 billion, a PE ratio of 2.24 and a beta of 1.31. The firm has a 50 day moving average price of $44.83 and a two-hundred day moving average price of $45.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Fluor Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.