SG Americas Securities LLC Purchases 101,288 Shares of Fluor Corporation $FLR

SG Americas Securities LLC boosted its holdings in Fluor Corporation (NYSE:FLR) by 472.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,727 shares of the construction company’s stock after purchasing an additional 101,288 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Fluor worth $5,163,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. DLD Asset Management LP bought a new stake in shares of Fluor during the second quarter worth about $1,025,400,000. Rubric Capital Management LP bought a new stake in Fluor during the 2nd quarter worth approximately $205,080,000. Sourcerock Group LLC purchased a new stake in shares of Fluor in the second quarter worth approximately $85,327,000. Ameriprise Financial Inc. lifted its holdings in shares of Fluor by 361.6% in the second quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after purchasing an additional 1,180,838 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Fluor by 90.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company’s stock worth $81,339,000 after buying an additional 755,337 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FLR has been the subject of several analyst reports. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group decreased their price target on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Truist Financial raised their target price 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 lifted their target price on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Fluor currently has an average rating of “Hold” and an average target price of $49.57.

Fluor Stock Performance

NYSE:FLR opened at $44.29 on Friday. The company has a market capitalization of $7.14 billion, a P/E ratio of 2.25 and a beta of 1.35. The business has a fifty day simple moving average of $42.85 and a two-hundred day simple moving average of $45.17. 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 Corporation has a 1 year low of $29.20 and a 1 year high of $57.50.

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

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.