Fluor Corporation $FLR Position Increased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Fluor Corporation by 165.8%, acquiring an additional 163,005 shares, bringing their total ownership to approximately 261,348 shares valued at $9,361,000.
• Recent analyst ratings show a mixed outlook for Fluor, with price targets ranging from $41.00 to $56.00 and an average rating of "Hold."
• Insider transactions included Chairman David E. Constable selling 40,800 shares at an average price of $49.00, leading to a 4.48% decrease in his ownership stake.

Caisse DE Depot ET Placement DU Quebec increased its holdings in Fluor Corporation (NYSE:FLR - Free Report) by 165.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,348 shares of the construction company's stock after purchasing an additional 163,005 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.16% of Fluor worth $9,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its stake in shares of Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after purchasing an additional 1,523,647 shares in the last quarter. Pacer Advisors Inc. grew its position in Fluor by 4,097.7% during the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock valued at $47,723,000 after buying an additional 1,300,568 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fluor by 43.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company's stock worth $130,630,000 after purchasing an additional 1,104,350 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Fluor by 10,125.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock worth $52,129,000 after purchasing an additional 1,046,610 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Fluor in the first quarter worth $22,308,000. Institutional investors own 88.07% of the company's stock.

Fluor Price Performance

NYSE:FLR traded down $0.59 during trading hours on Monday, hitting $41.02. The company's stock had a trading volume of 2,403,618 shares, compared to its average volume of 4,439,278. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10. The company has a market capitalization of $6.63 billion, a PE ratio of 1.69 and a beta of 1.50. The business's 50-day moving average is $48.37 and its two-hundred day moving average is $41.83. 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 (NYSE:FLR - Get Free Report) last posted 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 company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm's revenue 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 anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FLR. Truist Financial set a $52.00 price target on shares of Fluor in a research note on Monday, August 4th. Citigroup lowered their price target on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, August 4th. KeyCorp lowered 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 report on Tuesday, July 15th. Zacks Research lowered shares of Fluor from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Finally, Robert W. Baird lowered their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Fluor has an average rating of "Hold" and an average price target of $49.57.

Insider Activity

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the sale, the insider directly owned 64,383 shares in the company, valued at $2,924,919.69. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Constable sold 38,600 shares of Fluor stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total value of $2,011,446.00. Following the completion of the transaction, the chairman owned 792,027 shares of the company's stock, valued at approximately $41,272,526.97. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,320 shares of company stock worth $4,870,182. Company insiders own 1.70% of the company's stock.

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.