Fluor Corporation $FLR Stake Boosted by Cresset Asset Management LLC

Cresset Asset Management LLC raised its position in shares of Fluor Corporation (NYSE:FLR) by 512.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 56,109 shares of the construction company’s stock after buying an additional 46,952 shares during the period. Cresset Asset Management LLC’s holdings in Fluor were worth $2,877,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FLR. DLD Asset Management LP acquired a new stake in shares of Fluor during the second quarter valued at approximately $1,025,400,000. Hotchkis & Wiley Capital Management LLC grew its position in Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after purchasing an additional 1,104,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fluor by 21.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock valued at $109,847,000 after purchasing an additional 550,793 shares in the last quarter. Greenhouse Funds LLLP boosted its position in shares of Fluor by 1.2% in the first quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock worth $88,382,000 after buying an additional 29,404 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Fluor by 145.1% during the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock valued at $57,276,000 after buying an additional 962,382 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of NYSE:FLR opened at $43.30 on Tuesday. The stock has a market capitalization of $6.98 billion, a P/E ratio of 2.20 and a beta of 1.31. The business has a 50-day moving average of $44.94 and a two-hundred day moving average of $45.79. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FLR. UBS Group reduced their price objective on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. DA Davidson raised their price target on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research note on Monday, December 1st. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Truist Financial upped their price target on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.57.

Fluor Company 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.