Great Lakes Advisors LLC Has $7.87 Million Stock Holdings in Fluor Corporation $FLR

Key Points

• Great Lakes Advisors LLC reduced its stake in Fluor Corporation by 30.9%, now holding approximately 0.13% of the company, worth about $7.87 million.
• Fluor's stock is currently valued at $40.85, down 1.7%, with a market capitalization of $6.60 billion.
• The company reported earnings of $0.43 per share for the last quarter, missing estimates, with revenue down 5.9% from the previous year.

Great Lakes Advisors LLC cut its stake in Fluor Corporation (NYSE:FLR - Free Report) by 30.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,654 shares of the construction company's stock after selling 98,001 shares during the period. Great Lakes Advisors LLC owned approximately 0.13% of Fluor worth $7,868,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in Fluor during the first quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL raised its position in Fluor by 800.0% during the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock valued at $32,000 after purchasing an additional 800 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Fluor by 222.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock valued at $39,000 after purchasing an additional 760 shares in the last quarter. Versant Capital Management Inc raised its position in Fluor by 121.5% during the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after purchasing an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Fluor during the first quarter valued at approximately $46,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Down 1.7%

Shares of NYSE:FLR opened at $40.85 on Tuesday. The company has a fifty day moving average of $47.27 and a 200-day moving average of $41.87. The company has a market capitalization of $6.60 billion, a PE ratio of 1.68 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data 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). 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 the consensus estimate of $4.55 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business'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, equities analysts predict that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling at Fluor

In related news, Chairman David E. Constable sold 38,600 shares of the business'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 sale, the chairman owned 792,027 shares of the company's stock, valued at $41,272,526.97. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FLR has been the subject of several research analyst reports. KeyCorp downgraded shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price objective for the company. in a research report on Tuesday, July 15th. Zacks Research downgraded shares of Fluor from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. UBS Group lowered their price target on shares of Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Truist Financial set a $52.00 price target on shares of Fluor in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Fluor from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $49.57.

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.

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