Lingohr Asset Management GmbH Makes New Investment in Fluor Corporation $FLR

Key Points

• Lingohr Asset Management GmbH has acquired 9,600 shares of Fluor Corporation, valued at approximately $492,000, during the second quarter.
• Fluor's stock faced a disappointing earnings report, missing expectations with $0.43 EPS for the last quarter, compared to a consensus estimate of $0.59.
• Institutional investors now own 88.07% of Fluor's stock, with significant increases in holdings from various firms in the recent quarter.

Lingohr Asset Management GmbH bought a new stake in shares of Fluor Corporation (NYSE:FLR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,600 shares of the construction company's stock, valued at approximately $492,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC boosted its stake in Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company's stock valued at $130,630,000 after acquiring an additional 1,104,350 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Fluor by 21.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company's stock worth $109,847,000 after purchasing an additional 550,793 shares during the last quarter. Greenhouse Funds LLLP lifted its position in shares of Fluor by 1.2% during the first quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company's stock worth $88,382,000 after purchasing an additional 29,404 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Fluor by 145.1% during the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company's stock worth $57,276,000 after purchasing an additional 962,382 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Fluor by 4,097.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock worth $47,723,000 after buying an additional 1,300,568 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FLR shares. 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. Robert W. Baird reduced their price objective on Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. UBS Group reduced their price target on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Fluor from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Citigroup cut their target price on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $49.57.

Fluor Trading Up 3.8%

NYSE FLR traded up $1.62 on Friday, hitting $44.04. 4,288,367 shares of the company were exchanged, compared to its average volume of 3,588,487. The company's 50 day moving average price is $45.57 and its 200-day moving average price is $42.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $7.12 billion, a P/E ratio of 1.82 and a beta of 1.50. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10.

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

Insider Buying and Selling at Fluor

In other news, Chairman David E. Constable sold 38,600 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total value of $2,011,446.00. Following the transaction, the chairman owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by corporate insiders.

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.