Bensler LLC Buys Shares of 18,000 Fluor Corporation $FLR

Bensler LLC bought a new position in Fluor Corporation (NYSE:FLR) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 18,000 shares of the construction company’s stock, valued at approximately $757,000.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in Fluor by 472.4% during the third quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock worth $5,163,000 after purchasing an additional 101,288 shares during the period. Pacific Heights Asset Management LLC grew its stake in shares of Fluor by 35.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock valued at $13,673,000 after buying an additional 85,000 shares during the period. Quadrant Private Wealth Management LLC acquired a new stake in shares of Fluor during the 3rd quarter worth approximately $3,475,000. Intech Investment Management LLC lifted its holdings in Fluor by 99.9% in the second quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock valued at $15,361,000 after acquiring an additional 149,716 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in Fluor in the second quarter worth approximately $6,534,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $45.65 on Tuesday. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $57.50. The company has a fifty day simple moving average of $42.73 and a two-hundred day simple moving average of $44.58. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 2.32, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35.

Fluor (NYSE:FLR) last released its earnings results 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 return on equity of 8.32% and a net margin of 21.71%.The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business posted $0.51 earnings per share. Fluor’s 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. As a group, equities analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on FLR shares. Truist Financial lifted 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. UBS Group reduced their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Wall Street Zen lowered shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. DA Davidson boosted their price target on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.57.

About Fluor

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.