Fluor Corporation $FLR Shares Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in Fluor Corporation by 9.9%, owning approximately 0.58% of the company, valued at $34.3 million.
• Fluor reported missed earnings expectations, with an EPS of $0.43 compared to a consensus of $0.59, and a revenue of $3.98 billion, falling short of the expected $4.55 billion.
• Research analysts' ratings for Fluor vary, with a consensus rating of "Hold" and a price target of $49.57, while some firms have recently downgraded their ratings.

Energy Income Partners LLC grew its holdings in shares of Fluor Corporation (NYSE:FLR - Free Report) by 9.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 957,491 shares of the construction company's stock after buying an additional 85,974 shares during the period. Energy Income Partners LLC owned 0.58% of Fluor worth $34,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company's stock worth $130,630,000 after buying an additional 1,104,350 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Fluor by 21.9% during the 1st 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 during the period. Northern Trust Corp increased its position in 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 purchasing an additional 273,156 shares during the period. Alyeska Investment Group L.P. boosted its stake in shares of Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after acquiring an additional 1,523,647 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Fluor by 4,097.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock worth $47,723,000 after acquiring an additional 1,300,568 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Performance

NYSE:FLR traded up $1.05 during midday trading on Wednesday, reaching $42.79. 5,179,299 shares of the company traded hands, compared to its average volume of 4,060,607. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 1.76 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The company has a fifty day moving average price of $48.02 and a 200 day moving average price of $41.81.

Fluor (NYSE:FLR - Get Free Report) last released 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 company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on FLR. UBS Group cut their price target on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. KeyCorp downgraded Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price for the company. in a research note on Tuesday, July 15th. Citigroup reduced 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. Zacks Research cut shares of Fluor from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Fluor from a "sell" rating to a "hold" 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's stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of "Hold" and an average price target of $49.57.

Insiders Place Their Bets

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was 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 owned 870,627 shares in the company, valued at approximately $42,660,723. The trade was a 4.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alvin C. Collins III sold 18,920 shares of the business's 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 transaction, the insider owned 64,383 shares of the company's stock, valued at $2,924,919.69. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,320 shares of company stock valued at $4,870,182 in the last quarter. 1.70% of the stock is currently owned by 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.