Blair William & Co. IL Invests $494,000 in Fluor Corporation $FLR

Key Points

• Blair William & Co. IL has invested approximately $494,000 in Fluor Corporation by acquiring 9,635 shares during the second quarter.
• A significant number of institutional investors have increased their stakes in Fluor, with notable increases including a 145.1% rise from AQR Capital Management LLC and a 4,097.7% increase from Pacer Advisors Inc.
• Fluor's latest earnings report revealed a miss on EPS expectations, posting $0.43 compared to the consensus estimate of $0.59, alongside a revenue of $3.98 billion which was below analyst estimates.

Blair William & Co. IL bought a new position in shares of Fluor Corporation (NYSE:FLR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,635 shares of the construction company's stock, valued at approximately $494,000.

A number of other large investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC increased its stake in Fluor by 43.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company's stock valued at $130,630,000 after purchasing an additional 1,104,350 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fluor by 21.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company's stock valued at $109,847,000 after purchasing an additional 550,793 shares in the last quarter. Greenhouse Funds LLLP increased its stake in Fluor by 1.2% in the 1st quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company's stock valued at $88,382,000 after purchasing an additional 29,404 shares in the last quarter. AQR Capital Management LLC increased its stake in Fluor by 145.1% in the 1st quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company's stock valued at $57,276,000 after purchasing an additional 962,382 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Fluor by 4,097.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock valued at $47,723,000 after purchasing an additional 1,300,568 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial dropped their price objective on Fluor from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Robert W. Baird dropped their price objective on Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Fluor in a report on Tuesday. KeyCorp cut Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a report on Tuesday, July 15th. Finally, Citigroup lowered their target price on Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.43.

Fluor Price Performance

FLR stock opened at $46.69 on Friday. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10. The stock's fifty day simple moving average is $42.78 and its 200-day simple moving average is $43.14. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 1.92 and a beta of 1.48.

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

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.

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