Fox Run Management L.L.C. Boosts Stock Position in Fluor Corporation $FLR

Key Points

• Fox Run Management L.L.C. increased its stake in Fluor Corporation by 65.2%, owning 34,410 shares valued at approximately $1.23 million as of its latest SEC filing.
• A series of brokerage firms have revised their ratings and price targets for Fluor, with consensus rating standing at "Hold" and a target price of $49.57.
• Fluor reported EPS of $0.43 for the latest quarter, missing estimates by $0.16, while revenue dropped 5.9% compared to the same quarter last year.

Fox Run Management L.L.C. increased its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 65.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,410 shares of the construction company's stock after acquiring an additional 13,586 shares during the quarter. Fox Run Management L.L.C.'s holdings in Fluor were worth $1,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLR. Boston Partners raised its holdings in shares of Fluor by 11.8% during the first quarter. Boston Partners now owns 29,399 shares of the construction company's stock valued at $1,053,000 after purchasing an additional 3,098 shares during the period. Callan Family Office LLC increased its position in Fluor by 4.4% in the 1st quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock valued at $329,000 after buying an additional 389 shares in the last quarter. HighTower Advisors LLC raised its stake in Fluor by 141.9% during the 1st quarter. HighTower Advisors LLC now owns 84,372 shares of the construction company's stock worth $3,022,000 after buying an additional 49,491 shares during the period. AIA Group Ltd bought a new position in Fluor in the first quarter worth approximately $347,000. Finally, Nuveen LLC acquired a new stake in Fluor in the first quarter valued at approximately $22,308,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FLR has been the topic of a number of research reports. KeyCorp lowered Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of Fluor from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. UBS Group lowered their price objective on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Truist Financial set a $52.00 price objective on shares of Fluor in a report on Monday, August 4th. Finally, Robert W. Baird decreased their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.57.

Fluor Stock Performance

Shares of Fluor stock traded down $0.3510 on Wednesday, reaching $40.9190. 5,769,870 shares of the company traded hands, compared to its average volume of 5,291,801. The company has a 50 day moving average of $49.53 and a 200 day moving average of $42.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The firm has a market capitalization of $6.61 billion, a PE ratio of 1.69 and a beta of 1.43.

Fluor (NYSE:FLR - Get Free Report) last posted 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 firm had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.55 billion. During the same quarter in the previous year, the company posted $0.85 EPS. 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. Equities analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current year.

Insiders Place Their Bets

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the sale, the insider directly owned 64,383 shares of the company's stock, valued at $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman David E. Constable sold 40,800 shares of the stock in a transaction dated 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 transaction, the chairman owned 870,627 shares of the company's stock, valued at $42,660,723. This represents a 4.48% 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 worth $4,870,182 in the last ninety days. Insiders own 1.70% of the company's stock.

Fluor 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.