American Century Companies Inc. Boosts Holdings in Fluor Corporation $FLR

Key Points

• American Century Companies Inc. increased its stake in Fluor Corporation (NYSE:FLR) by 12.6%, owning 64,904 shares worth $2,325,000 after buying an additional 7,240 shares in Q1.
• Fluor's recent quarterly earnings reported $0.43 EPS, missing the consensus estimate of $0.59, and a revenue of $3.98 billion compared to an estimated $4.55 billion.
• Despite mixed ratings from analysts, Fluor's stock currently has an average rating of "Hold" with a consensus target price of $49.57.

American Century Companies Inc. lifted its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 12.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,904 shares of the construction company's stock after purchasing an additional 7,240 shares during the period. American Century Companies Inc.'s holdings in Fluor were worth $2,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Xponance Inc. boosted its position in 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 acquiring an additional 357 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Fluor by 3.3% during the first quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company's stock worth $400,000 after acquiring an additional 359 shares during the last quarter. Callan Family Office LLC boosted its position in Fluor by 4.4% during the first quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock worth $329,000 after acquiring an additional 389 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Fluor by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the construction company's stock worth $1,719,000 after acquiring an additional 400 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Fluor by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 41,097 shares of the construction company's stock valued at $1,472,000 after buying an additional 500 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Down 5.1%

Shares of NYSE:FLR traded down $2.17 during trading on Thursday, hitting $40.70. The company's stock had a trading volume of 2,695,564 shares, compared to its average volume of 3,615,324. The business has a 50 day moving average price of $47.88 and a two-hundred day moving average price of $41.81. The company has a market capitalization of $6.58 billion, a PE ratio of 1.68 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 EPS 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 during the quarter, compared to analysts' expectations of $4.55 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company's revenue for the quarter was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, research analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Fluor from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Robert W. Baird decreased their price objective on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Zacks Research lowered shares of Fluor from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Finally, UBS Group decreased their price objective on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $49.57.

Insider Buying and Selling

In other Fluor 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 value of $859,535.60. Following the sale, the insider directly owned 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman David E. Constable sold 38,600 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the sale, the chairman directly owned 792,027 shares in the company, valued at approximately $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,320 shares of company stock worth $4,870,182. Insiders own 1.70% of the company's stock.

Fluor 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.