Keeley Teton Advisors LLC Buys 9,359 Shares of Fluor Corporation $FLR

Key Points

• Keeley Teton Advisors LLC increased its stake in Fluor Corporation by 40.0%, acquiring an additional 9,359 shares, bringing its total holdings to 32,748 shares valued at approximately $1.17 million.
• Fluor reported disappointing quarterly earnings, with an EPS of $0.43, missing the consensus estimate of $0.59, and a revenue of $3.98 billion, compared to an expected $4.55 billion.
• Research analysts have mixed ratings on Fluor, with four analysts rating the stock as a Buy, four as a Hold, and one as a Sell, while the average price target is set at $49.57.

Keeley Teton Advisors LLC boosted its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 40.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,748 shares of the construction company's stock after acquiring an additional 9,359 shares during the quarter. Keeley Teton Advisors LLC's holdings in Fluor were worth $1,173,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FLR. Hurley Capital LLC bought a new stake in shares of Fluor during the first quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL boosted its position 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. increased its stake in shares of 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 period. Versant Capital Management Inc raised its position in shares of Fluor by 121.5% during the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock worth $43,000 after acquiring an additional 666 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Fluor during the first quarter valued at $46,000. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird lowered their price objective on Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. UBS Group reduced their target price on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. KeyCorp downgraded shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a research note on Tuesday, July 15th. Zacks Research cut shares of Fluor from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Finally, Truist Financial set a $52.00 target price on shares of Fluor in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Fluor has a consensus rating of "Hold" and a consensus price target of $49.57.

Fluor Trading Down 1.4%

FLR traded down $0.59 during mid-day trading on Friday, hitting $41.02. The stock had a trading volume of 2,403,618 shares, compared to its average volume of 5,596,247. The stock's fifty day simple moving average is $48.37 and its 200-day simple moving average is $41.88. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 1.69 and a beta of 1.43. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $60.10. 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 (NYSE:FLR - Get Free Report) last posted its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, research analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Insider Activity at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the completion of the transaction, the insider owned 64,383 shares of the company's stock, valued at $2,924,919.69. This represents a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David E. Constable sold 38,600 shares of Fluor stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the sale, the chairman owned 792,027 shares in the company, valued at $41,272,526.97. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,320 shares of company stock worth $4,870,182 in the last 90 days. Company insiders own 1.70% of the company's stock.

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.