JGP Wealth Management LLC Purchases New Shares in Fluor Corporation $FLR

Key Points

• JGP Wealth Management LLC has acquired a new stake in Fluor Corporation, purchasing 5,313 shares valued at approximately $272,000 in the second quarter.
• Fluor Corporation reported $0.43 EPS for the last quarter, missing the consensus estimate of $0.59 EPS, with revenues down 5.9% year-over-year.
• Recent analyst reports show a downward revision in price targets for Fluor, with UBS Group lowering theirs from $60.00 to $56.00 while maintaining a "buy" rating.

JGP Wealth Management LLC purchased a new stake in Fluor Corporation (NYSE:FLR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,313 shares of the construction company's stock, valued at approximately $272,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc bought a new stake in Fluor during the second quarter worth about $27,000. Hurley Capital LLC bought a new position in shares of Fluor in the first quarter worth about $29,000. Strategic Investment Solutions Inc. IL raised its holdings in 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 during the last quarter. SBI Securities Co. Ltd. raised its holdings in 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 during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Fluor in the 1st quarter valued at approximately $46,000. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of FLR stock opened at $48.26 on Wednesday. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 1.99 and a beta of 1.48. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $42.46 and a 200-day moving average of $42.93.

Fluor (NYSE:FLR - Get Free Report) last announced 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). The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, equities analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

FLR has been the subject of several analyst reports. 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fluor in a research note on Tuesday. 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. 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. Finally, Zacks Research raised shares of Fluor from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Fluor currently has an average rating of "Hold" and a consensus price target of $49.43.

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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