Thrivent Financial for Lutherans Lowers Stock Holdings in Fluor Corporation $FLR

Thrivent Financial for Lutherans cut its stake in shares of Fluor Corporation (NYSE:FLR) by 32.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,621 shares of the construction company’s stock after selling 64,986 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Fluor worth $6,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FLR. Intech Investment Management LLC increased its stake in Fluor by 99.9% in the 2nd quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock valued at $15,361,000 after buying an additional 149,716 shares during the period. Castleark Management LLC purchased a new stake in shares of Fluor in the second quarter valued at about $6,534,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Fluor by 74.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,528 shares of the construction company’s stock worth $796,000 after acquiring an additional 6,616 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Fluor by 48.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,462 shares of the construction company’s stock worth $2,029,000 after purchasing an additional 12,590 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Fluor by 288.9% in the 2nd quarter. UMB Bank n.a. now owns 1,956 shares of the construction company’s stock valued at $100,000 after purchasing an additional 1,453 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 1.0%

Shares of Fluor stock opened at $41.28 on Friday. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $57.50. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 2.10 and a beta of 1.31. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $44.89 and a 200 day moving average price of $45.79.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.44 by $0.24. The firm 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%.Fluor’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Equities research analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group decreased their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research note on Monday. Truist Financial upped their target price on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, DA Davidson increased their price target on Fluor from $50.00 to $55.00 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 five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.57.

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.