Fluor Corporation $FLR Shares Sold by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management LP has decreased its stake in Fluor Corporation by 50%, owning 6,000 shares valued at $308,000 after selling an equivalent number during the second quarter.
• Several institutional investors have increased their holdings in Fluor, with Pacer Advisors Inc. growing its stake by an extraordinary 4,097.7% in the first quarter, now owning over 1.3 million shares.
• Fluor's recent earnings report showed an EPS of $0.43, missing the consensus estimate, and the company anticipates posting an EPS of 2.5 for the current year.

Lyell Wealth Management LP reduced its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the construction company's stock after selling 6,000 shares during the quarter. Lyell Wealth Management LP's holdings in Fluor were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FLR. Pacer Advisors Inc. increased its stake in Fluor by 4,097.7% in the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock valued at $47,723,000 after purchasing an additional 1,300,568 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Fluor by 43.4% during 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 buying an additional 1,104,350 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Fluor by 145.1% during the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company's stock worth $57,276,000 after buying an additional 962,382 shares in the last quarter. Clearline Capital LP purchased a new stake in Fluor during the first quarter worth about $30,838,000. Finally, Nuveen LLC purchased a new stake in Fluor during the first quarter worth about $22,308,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. UBS Group cut their price objective on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Fluor in a research note on Tuesday, October 14th. Truist Financial reduced their price objective on shares of Fluor from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Citigroup reduced their price objective on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Fluor from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Fluor has a consensus rating of "Hold" and a consensus target price of $49.43.

Fluor Stock Performance

NYSE:FLR opened at $47.95 on Tuesday. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The firm's 50 day moving average is $42.90 and its two-hundred day moving average is $43.37. The company has a market cap of $7.75 billion, a P/E ratio of 1.98 and a beta of 1.48. 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 (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 the consensus estimate of $0.59 by ($0.16). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same period in the previous year, the company earned $0.85 EPS. Fluor's revenue 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.

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.

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