Quantbot Technologies LP Acquires 128,602 Shares of Fluor Corporation $FLR

Key Points

• Quantbot Technologies LP increased its stake in Fluor Corporation by 172.9% in the first quarter, owning approximately $7.27 million worth of the company's shares.
• Fluor reported a loss of $0.16 per share against expectations, with total revenue of $3.98 billion, below analyst estimates of $4.55 billion.
• Fluor's stock has seen a price fluctuation with a one-year low of $29.20 and a high of $60.10, while analysts have set a consensus price target of $49.57.

Quantbot Technologies LP grew its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 172.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,961 shares of the construction company's stock after buying an additional 128,602 shares during the quarter. Quantbot Technologies LP owned about 0.12% of Fluor worth $7,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of Fluor by 10.7% during the 1st quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock worth $6,885,000 after buying an additional 18,603 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock worth $49,000 after purchasing an additional 701 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Fluor by 59.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company's stock worth $645,000 after purchasing an additional 6,720 shares in the last quarter. Mengis Capital Management Inc. raised its holdings in shares of Fluor by 21.9% in the 1st quarter. Mengis Capital Management Inc. now owns 37,333 shares of the construction company's stock worth $1,337,000 after purchasing an additional 6,710 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of 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 purchasing an additional 24,848 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Up 1.2%

Shares of Fluor stock traded up $0.5090 during trading on Friday, hitting $41.5490. The stock had a trading volume of 3,059,848 shares, compared to its average volume of 3,611,934. The stock has a 50 day simple moving average of $49.38 and a 200 day simple moving average of $42.18. The company has a market capitalization of $6.72 billion, a PE ratio of 1.71 and a beta of 1.43. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10.

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 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 company had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. During the same period in the previous year, the firm 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. On average, research analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Robert W. Baird dropped their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Wall Street Zen downgraded shares of Fluor from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Citigroup dropped 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. Truist Financial set a $52.00 target price on shares of Fluor in a report on Monday, August 4th. Finally, KeyCorp downgraded shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.57.

Insider Buying and Selling

In related news, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider directly owned 64,383 shares of the company's stock, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares in the company, valued at $42,660,723. The trade was a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,320 shares of company stock worth $4,870,182 over the last ninety days. 1.70% of the stock is currently owned by insiders.

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.