Fluor Corporation $FLR Holdings Lifted by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH boosted its holdings in Fluor Corporation (NYSE:FLR) by 792.4% during the 3rd quarter, Holdings Channel reports. The fund owned 85,669 shares of the construction company’s stock after acquiring an additional 76,069 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Fluor were worth $3,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLR. DLD Asset Management LP bought a new stake in Fluor during the second quarter worth approximately $1,025,400,000. Rubric Capital Management LP acquired a new stake in shares of Fluor during the second quarter worth $205,080,000. Sourcerock Group LLC acquired a new stake in Fluor during the 2nd quarter worth about $85,327,000. Balyasny Asset Management L.P. raised its holdings in shares of 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 valued at $81,339,000 after acquiring an additional 755,337 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 1,180,838 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Down 1.6%

NYSE FLR opened at $46.20 on Friday. The stock’s 50 day simple moving average is $43.18 and its 200 day simple moving average is $44.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $7.45 billion, a PE ratio of 2.35, a price-to-earnings-growth ratio of 6.83 and a beta of 1.35. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50.

Fluor (NYSE:FLR) last released its quarterly 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. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, sell-side analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the topic of a number of research reports. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Truist Financial boosted their target price on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group decreased their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.57.

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.