Fluor Corporation $FLR Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC cut its holdings in shares of Fluor Corporation (NYSE:FLR) by 21.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 675,999 shares of the construction company’s stock after selling 186,828 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Fluor were worth $28,439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FLR. DLD Asset Management LP purchased a new position in shares of Fluor during the 2nd quarter worth about $1,025,400,000. Rubric Capital Management LP acquired a new position in Fluor during the second quarter worth approximately $205,080,000. Sourcerock Group LLC purchased a new position in Fluor during the second quarter worth approximately $85,327,000. Balyasny Asset Management L.P. boosted its holdings in shares of Fluor by 90.9% in 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 purchasing an additional 755,337 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake 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 during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Fluor stock opened at $42.98 on Wednesday. The firm has a market capitalization of $6.93 billion, a PE ratio of 2.19, a price-to-earnings-growth ratio of 6.40 and a beta of 1.35. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50. The stock’s 50 day moving average price is $42.54 and its 200 day moving average price is $44.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45.

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

Analyst Ratings Changes

FLR has been the topic of several research reports. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen downgraded Fluor from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. Truist Financial increased their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, UBS Group reduced their price target 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.57.

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.