Ieq Capital LLC Increases Stock Position in Fluor Corporation $FLR

Key Points

• Ieq Capital LLC significantly increased its stake in Fluor Corporation by 1,227.2% during the first quarter, accumulating a total of 95,029 shares valued at approximately $3.4 million.
• Fluor's recent earnings report showed an EPS of $0.43, missing analysts' expectations, and the company anticipates FY 2025 EPS guidance of 1.950-2.15.
• Several analysts have updated their ratings and target prices for Fluor, with a current average target price of $49.57 and a consensus rating of "Hold".

Ieq Capital LLC boosted its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 1,227.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,029 shares of the construction company's stock after acquiring an additional 87,869 shares during the period. Ieq Capital LLC owned about 0.06% of Fluor worth $3,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in Fluor during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of 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 buying an additional 800 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of 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 buying an additional 760 shares in the last quarter. Versant Capital Management Inc raised 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 worth $43,000 after acquiring an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Fluor during the 1st quarter worth $46,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Activity

In related news, insider Alvin C. Collins III sold 18,920 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the sale, the insider owned 64,383 shares in the company, valued at $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David E. Constable sold 38,600 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the sale, the chairman owned 792,027 shares of the company's stock, valued at $41,272,526.97. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,320 shares of company stock valued at $4,870,182 in the last quarter. Company insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

FLR has been the topic of several research analyst reports. UBS Group cut their price target on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a research note on Tuesday, July 15th. Robert W. Baird decreased their price target on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Zacks Research cut shares of Fluor from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Finally, Citigroup decreased their price target on shares of Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.57.

Fluor Stock Performance

Shares of NYSE:FLR traded down $0.16 during midday trading on Friday, hitting $41.31. The stock had a trading volume of 1,233,479 shares, compared to its average volume of 3,615,550. The company has a market capitalization of $6.68 billion, a PE ratio of 1.70 and a beta of 1.50. The stock has a 50 day moving average price of $47.68 and a two-hundred day moving average price of $41.80. 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 Corporation has a 1 year low of $29.20 and a 1 year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.16). The firm had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, equities analysts predict that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

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.