Fluor Corporation $FLR Shares Purchased by Algert Global LLC

Key Points

• Algert Global LLC significantly increased its stake in Fluor Corporation by 515.7%, acquiring an additional 110,844 shares, bringing its total holdings to 132,337 shares valued at approximately $4.74 million.
• Fluor's recent quarterly earnings reported an EPS of $0.43, missing analysts' estimates of $0.59, along with a revenue decrease of 5.9% year-over-year.
• Wall Street analysts have expressed mixed sentiments about Fluor, with price targets ranging from $41.00 to $56.00, and a consensus rating of "Hold."

Algert Global LLC grew its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 515.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,337 shares of the construction company's stock after acquiring an additional 110,844 shares during the period. Algert Global LLC owned 0.08% of Fluor worth $4,740,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FLR. Xponance Inc. boosted its holdings in shares of Fluor by 1.5% during the first quarter. Xponance Inc. now owns 24,597 shares of the construction company's stock worth $881,000 after purchasing an additional 357 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Fluor by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company's stock worth $400,000 after buying an additional 359 shares during the period. Callan Family Office LLC lifted its holdings in Fluor by 4.4% in the first quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock worth $329,000 after buying an additional 389 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Fluor by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the construction company's stock worth $1,719,000 after buying an additional 400 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after buying an additional 408 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insiders Place Their Bets

In related news, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the completion of the transaction, the insider owned 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares of the company's stock, valued at $42,660,723. The trade was a 4.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,320 shares of company stock valued at $4,870,182 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Fluor Stock Performance

NYSE:FLR traded up $0.5090 during trading hours on Friday, reaching $41.5490. The company had a trading volume of 3,059,848 shares, compared to its average volume of 3,612,143. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 1.71 and a beta of 1.43. The firm's 50 day moving average price is $49.38 and its 200-day moving average price is $42.18.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen lowered shares of Fluor from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Robert W. Baird lowered their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, August 4th. UBS Group lowered their target price on shares of Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Citigroup lowered their target price on shares of Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a report on Monday, August 4th. Finally, KeyCorp lowered shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price for the company. in a report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $49.57.

Fluor Company 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.