Fluor Corporation $FLR Holdings Boosted by Decade Renewable Partners LP

Key Points

• Decade Renewable Partners LP increased its stake in Fluor Corporation by 8.1%, holding approximately 191,108 shares worth about $6.85 million.
• Fluor reported a loss of earnings per share for the quarter at $0.43, missing expectations and reflecting a 5.9% year-over-year revenue decline.
• Insider transactions included significant sales by Chairman David E. Constable and another insider, amounting to 98,320 shares sold over the last 90 days.

Decade Renewable Partners LP grew its stake in Fluor Corporation (NYSE:FLR - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,108 shares of the construction company's stock after purchasing an additional 14,320 shares during the period. Fluor makes up about 5.2% of Decade Renewable Partners LP's portfolio, making the stock its 7th biggest position. Decade Renewable Partners LP owned about 0.12% of Fluor worth $6,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FLR. First Trust Advisors LP lifted its stake in shares of Fluor by 41.4% in the 4th quarter. First Trust Advisors LP now owns 39,261 shares of the construction company's stock valued at $1,936,000 after purchasing an additional 11,499 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Fluor by 82.1% during the 4th quarter. Stifel Financial Corp now owns 42,821 shares of the construction company's stock worth $2,112,000 after acquiring an additional 19,309 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock worth $117,971,000 after acquiring an additional 273,156 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Fluor by 20.0% during the 4th quarter. AQR Capital Management LLC now owns 663,394 shares of the construction company's stock worth $32,440,000 after acquiring an additional 110,776 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Fluor by 55.8% during the 4th quarter. Comerica Bank now owns 196,775 shares of the construction company's stock worth $9,705,000 after acquiring an additional 70,509 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research analyst reports. Zacks Research lowered Fluor from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Truist Financial set a $52.00 target price on Fluor in a research report on Monday, August 4th. Citigroup decreased their target price on Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Wall Street Zen raised Fluor from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, UBS Group cut their price target on Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $49.57.

Fluor Stock Performance

Shares of FLR stock traded down $0.23 on Friday, hitting $41.24. The company had a trading volume of 1,532,620 shares, compared to its average volume of 3,617,614. The firm has a market cap of $6.67 billion, a P/E ratio of 1.70 and a beta of 1.50. The company has a 50-day moving average price of $47.68 and a 200-day moving average price of $41.80. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued 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). The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business'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. As a group, equities research analysts predict that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Insider Activity at Fluor

In other news, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction on Monday, June 9th. The stock was 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 in the company, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Constable sold 40,800 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total value of $1,999,200.00. Following the completion of the sale, the chairman owned 870,627 shares in the company, valued at approximately $42,660,723. The trade was a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,320 shares of company stock valued at $4,870,182 over the last quarter. 1.70% of the stock is currently owned by company insiders.

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.