Cwm LLC Increases Stock Position in Fluor Corporation $FLR

Key Points

• Cwm LLC increased its stake in Fluor Corporation by 74.4%, owning 47,711 shares worth approximately $2.446 million by the end of the second quarter.
• Fluor's stock faced mixed analyst ratings, with UBS lowering its price objective to $56.00 while Zacks upgraded it to a "hold" rating.
• Fluor reported a miss in earnings for its most recent quarter, with an EPS of $0.43 compared to the consensus estimate of $0.59, along with revenue of $3.98 billion against an analyst forecast of $4.55 billion.

Cwm LLC lifted its holdings in shares of Fluor Corporation (NYSE:FLR - Free Report) by 74.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,711 shares of the construction company's stock after acquiring an additional 20,348 shares during the period. Cwm LLC's holdings in Fluor were worth $2,446,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. New York State Teachers Retirement System grew its position in Fluor by 10.7% in the 1st quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock valued at $6,885,000 after buying an additional 18,603 shares during the last quarter. Golden State Wealth Management LLC grew its position in Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock valued at $49,000 after buying an additional 701 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Fluor by 46.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 23,640 shares of the construction company's stock valued at $847,000 after buying an additional 7,540 shares during the last quarter. UMB Bank n.a. grew its position in Fluor by 288.9% in the 2nd quarter. UMB Bank n.a. now owns 1,956 shares of the construction company's stock valued at $100,000 after buying an additional 1,453 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Fluor by 59.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company's stock valued at $645,000 after buying an additional 6,720 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLR has been the topic of a number of analyst reports. UBS Group lowered their price objective on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Fluor from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Citigroup lowered their price objective on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Robert W. Baird decreased their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Fluor in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Fluor presently has a consensus rating of "Hold" and a consensus target price of $49.43.

Fluor Price Performance

Shares of NYSE FLR opened at $46.69 on Friday. The firm has a market capitalization of $7.55 billion, a P/E ratio of 1.92 and a beta of 1.48. Fluor Corporation has a one year low of $29.20 and a one year high of $60.10. The company's fifty day moving average is $42.78 and its two-hundred day moving average is $43.19. 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 released its quarterly earnings results 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). The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal 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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