Dynamic Technology Lab Private Ltd Has $847,000 Holdings in Fluor Corporation $FLR

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Fluor Corporation (NYSE:FLR) by 46.8%, owning 23,640 shares valued at approximately $847,000 as of the latest SEC filing.
• In insider transactions, Chairman David E. Constable sold 40,800 shares for nearly $2 million, resulting in a 4.48% decrease in his position.
• Fluor reported a quarterly EPS of $0.43, missing the consensus estimate by $0.16, and had a revenue of $3.98 billion, down 5.9% compared to the same quarter last year.

Dynamic Technology Lab Private Ltd grew its stake in Fluor Corporation (NYSE:FLR - Free Report) by 46.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,640 shares of the construction company's stock after buying an additional 7,540 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Fluor were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FLR. Pacer Advisors Inc. lifted its position in shares of Fluor by 4,097.7% in the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock worth $47,723,000 after purchasing an additional 1,300,568 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted 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 in the last quarter. AQR Capital Management LLC lifted its position in shares of Fluor by 145.1% in the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company's stock worth $57,276,000 after purchasing an additional 962,382 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fluor in the first quarter worth $22,308,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fluor by 21.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company's stock worth $109,847,000 after purchasing an additional 550,793 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Stock Performance

Shares of NYSE:FLR traded down $0.24 on Friday, hitting $41.07. The company had a trading volume of 2,444,763 shares, compared to its average volume of 3,600,527. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $60.10. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 1.69 and a beta of 1.50. The stock has a 50 day moving average price of $46.65 and a 200 day moving average price of $41.88. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the prior year, the firm 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. Analysts expect that Fluor Corporation will post 2.5 EPS for the current year.

Insider Activity at Fluor

In other Fluor news, Chairman David E. Constable sold 38,600 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total value of $2,011,446.00. Following the transaction, the chairman directly owned 792,027 shares in the company, valued at $41,272,526.97. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Fluor from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Citigroup dropped their price target 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. Truist Financial set a $52.00 price target on shares of Fluor in a research report on Monday, August 4th. UBS Group dropped their price target 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. Finally, Zacks Research lowered shares of Fluor from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.