Hudson Valley Investment Advisors Inc. ADV Sells 30,623 Shares of Fluor Corporation $FLR

Key Points

• Hudson Valley Investment Advisors Inc. ADV reduced its stake in Fluor Corporation by 16.2%, selling 30,623 shares during the second quarter, and now holds approximately 0.10% of the company valued at $8,133,000.
• Fluor Corporation reported an EPS of $0.43 for the last quarter, missing estimates and reflecting a 5.9% decrease in revenue year-over-year, with a revenue of $3.98 billion.
• Several analysts have set new price targets for Fluor, with Truist Financial at $52.00, while KeyCorp downgraded their rating and set a target of $41.00, reflecting mixed sentiments towards the stock.

Hudson Valley Investment Advisors Inc. ADV lessened its stake in Fluor Corporation (NYSE:FLR - Free Report) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,639 shares of the construction company's stock after selling 30,623 shares during the period. Hudson Valley Investment Advisors Inc. ADV owned about 0.10% of Fluor worth $8,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FLR. Fifth Third Bancorp increased its holdings in Fluor by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company's stock valued at $106,000 after purchasing an additional 208 shares during the period. Farther Finance Advisors LLC increased its holdings in Fluor by 8.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company's stock valued at $173,000 after purchasing an additional 271 shares during the period. Xponance Inc. increased its holdings in Fluor by 1.5% during the 1st quarter. Xponance Inc. now owns 24,597 shares of the construction company's stock valued at $881,000 after purchasing an additional 357 shares during the period. Nisa Investment Advisors LLC increased its holdings in Fluor by 3.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company's stock valued at $400,000 after purchasing an additional 359 shares during the period. Finally, Callan Family Office LLC increased its holdings in Fluor by 4.4% during the 1st quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock valued at $329,000 after purchasing an additional 389 shares during the period. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of FLR opened at $43.11 on Friday. The business's fifty day simple moving average is $43.14 and its two-hundred day simple moving average is $42.56. 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 12 month low of $29.20 and a 12 month high of $60.10. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 1.78 and a beta of 1.48.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results 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 business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The business'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. Research analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FLR shares. Truist Financial set a $52.00 price target on Fluor in a report on Monday, August 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Fluor in a report on Saturday, September 27th. KeyCorp downgraded Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a report on Tuesday, July 15th. Wall Street Zen upgraded Fluor from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Citigroup cut their price target on Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $49.57.

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.

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