Lesa Sroufe & Co Has $3.04 Million Holdings in Fluor Corporation $FLR

Key Points

• Lesa Sroufe & Co increased its holdings in Fluor Corporation by 22.9%, owning 59,329 shares worth approximately $3.04 million, making it the firm's 10th largest position.
• Fluor reported lower-than-expected earnings per share of $0.43 for the last quarter, which was $0.16 below analysts' consensus estimates.
• Analyst ratings on Fluor show mixed sentiment, with target prices reduced and an average rating of "Hold", set against a consensus target price of $49.43.

Lesa Sroufe & Co raised its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 22.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,329 shares of the construction company's stock after purchasing an additional 11,037 shares during the quarter. Fluor accounts for approximately 2.8% of Lesa Sroufe & Co's holdings, making the stock its 10th biggest position. Lesa Sroufe & Co's holdings in Fluor were worth $3,042,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Fluor by 170.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,872 shares of the construction company's stock worth $927,000 after acquiring an additional 16,306 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Fluor by 36.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 59,675 shares of the construction company's stock worth $2,138,000 after acquiring an additional 16,070 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Fluor by 28.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 111,729 shares of the construction company's stock worth $4,002,000 after acquiring an additional 24,848 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Fluor by 14.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 11,272 shares of the construction company's stock worth $404,000 after acquiring an additional 1,461 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Fluor by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 20,099 shares of the construction company's stock worth $719,000 after acquiring an additional 545 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Up 5.1%

Shares of FLR opened at $50.70 on Thursday. 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 1 year low of $29.20 and a 1 year high of $60.10. The company has a 50 day simple moving average of $42.60 and a two-hundred day simple moving average of $42.99. The firm has a market cap of $8.20 billion, a P/E ratio of 2.09 and a beta of 1.48.

Fluor (NYSE:FLR - Get Free Report) last posted its earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, equities analysts expect that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLR has been the subject of several analyst reports. Robert W. Baird reduced their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Citigroup reduced their target price on shares of Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a report on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fluor in a report on Tuesday. Truist Financial cut their price objective on shares of Fluor from $52.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Fluor from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.43.

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.

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