Dimensional Fund Advisors LP Raises Stock Holdings in Fluor Corporation $FLR

Key Points

• Dimensional Fund Advisors LP increased its stake in Fluor Corporation by 21.9%, owning approximately 3,066,704 shares valued at $109.85 million as of the end of the 1st quarter.
• Insider activity includes sales of 18,920 shares by Alvin C. Collins III and 40,800 shares by chairman David E. Constable, reflecting a decrease in their holdings amidst broader insider selling totaling 98,320 shares in the last three months.
• Fluor's recent earnings report showed a net margin of 25.35% but a revenue decline of 5.9% year-over-year, missing analyst estimates with quarterly earnings per share of $0.43.

Dimensional Fund Advisors LP lifted its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,066,704 shares of the construction company's stock after buying an additional 550,793 shares during the quarter. Dimensional Fund Advisors LP owned about 1.86% of Fluor worth $109,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of FLR. Hurley Capital LLC acquired a new stake in Fluor in the 1st quarter valued at $29,000. Sterling Capital Management LLC grew its position in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after purchasing an additional 408 shares during the period. Strategic Investment Solutions Inc. IL grew its position in Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock valued at $32,000 after purchasing an additional 800 shares during the period. SBI Securities Co. Ltd. grew its position in Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock valued at $39,000 after purchasing an additional 760 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after acquiring an additional 666 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Performance

Fluor stock traded up $0.10 during midday trading on Thursday, reaching $41.20. The stock had a trading volume of 261,946 shares, compared to its average volume of 3,595,921. 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 firm has a market capitalization of $6.66 billion, a PE ratio of 1.70 and a beta of 1.43. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The firm's 50-day moving average price is $48.71 and its 200 day moving average price is $41.98.

Fluor (NYSE:FLR - Get Free Report) last posted its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share 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 analysts' expectations of $4.55 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, research analysts predict that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on FLR shares. Robert W. Baird dropped their price objective on Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Zacks Research cut Fluor from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Wall Street Zen upgraded Fluor from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Citigroup lowered their target price on Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, UBS Group lowered their target price on Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Four equities research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $49.57.

Insider Activity

In related news, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 $42,660,723. The trade was a 4.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the transaction, the insider owned 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,320 shares of company stock valued at $4,870,182 in the last three months. 1.70% of the stock is owned by insiders.

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.