Cinctive Capital Management LP Has $1.12 Million Stake in Fluor Corporation $FLR

Key Points

• Cinctive Capital Management LP increased its stake in Fluor Corporation by 36.7%, owning 31,359 shares valued at approximately $1.12 million as per its latest SEC filing.
• Fluor Corporation's stock recently experienced a 3.2% decline, with a current market cap of $6.71 billion and a P/E ratio of 1.71.
• Wall Street analysts have mixed ratings on Fluor, with a consensus rating of "Hold" and an average price target of $49.57, indicating a potential decline from previous targets set by various firms.

Cinctive Capital Management LP boosted its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 36.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,359 shares of the construction company's stock after purchasing an additional 8,417 shares during the quarter. Cinctive Capital Management LP's holdings in Fluor were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FLR. Xponance Inc. raised its stake 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 buying an additional 357 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Fluor by 3.3% during the 1st 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 period. Callan Family Office LLC raised its position in shares of Fluor by 4.4% during the 1st quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock valued at $329,000 after acquiring an additional 389 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Fluor by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the construction company's stock valued at $1,719,000 after purchasing an additional 400 shares during the period. Finally, State of Michigan Retirement System grew its stake in shares of Fluor by 1.2% during the first quarter. State of Michigan Retirement System now owns 41,097 shares of the construction company's stock worth $1,472,000 after purchasing an additional 500 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the completion of the transaction, the chairman directly owned 870,627 shares in the company, valued at $42,660,723. This represents a 4.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Fluor Stock Down 0.3%

Fluor stock traded down $0.14 during midday trading on Tuesday, reaching $40.67. The stock had a trading volume of 3,125,127 shares, compared to its average volume of 3,623,015. The stock has a market capitalization of $6.57 billion, a P/E ratio of 1.68 and a beta of 1.50. The firm's fifty day simple moving average is $47.27 and its 200-day simple moving average is $41.87. 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 1-year low of $29.20 and a 1-year high of $60.10.

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 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 business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the business earned $0.85 earnings per share. Fluor'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, analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup reduced 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. UBS Group decreased their price objective 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. Wall Street Zen raised shares of Fluor from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Zacks Research cut shares of Fluor from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Finally, KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price objective for the company. in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $49.57.

About Fluor

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.