Ruffer LLP Purchases 12,013 Shares of Fluor Corporation $FLR

Key Points

• Ruffer LLP significantly increased its stake in Fluor Corporation by 182.7%, acquiring an additional 12,013 shares, which brought their total ownership to 18,590 shares valued at approximately $953,000.
• Fluor Corporation reported a net loss with $0.43 EPS for the quarter, missing the consensus estimate of $0.59 and experiencing a 5.9% decline in year-over-year revenue.
• Multiple analysts have downgraded Fluor's ratings, with Zacks Research changing their assessment from a "hold" to a "strong sell," while others set a target price averaging around $49.57.

Ruffer LLP boosted its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 182.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,590 shares of the construction company's stock after buying an additional 12,013 shares during the period. Ruffer LLP's holdings in Fluor were worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hurley Capital LLC bought a new position in Fluor during the first quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL increased its holdings in Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock worth $32,000 after purchasing an additional 800 shares during the period. SBI Securities Co. Ltd. increased its holdings in Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock worth $39,000 after purchasing an additional 760 shares during the period. Versant Capital Management Inc increased its holdings in Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock worth $43,000 after purchasing an additional 666 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Fluor during the 1st quarter valued at $46,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FLR has been the topic of several research analyst reports. Zacks Research downgraded Fluor from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Truist Financial set a $52.00 price objective on Fluor in a report on Monday, August 4th. UBS Group cut their price target on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Wall Street Zen upgraded Fluor from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Citigroup cut their price objective on Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $49.57.

Fluor Stock Down 0.6%

NYSE:FLR opened at $43.79 on Thursday. 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 stock's fifty day moving average is $44.86 and its two-hundred day moving average is $42.23. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 1.80 and a beta of 1.50.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly 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). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm'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. Research analysts anticipate that Fluor Corporation will post 2.5 EPS for the current 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 on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the sale, the chairman owned 792,027 shares of the company's stock, valued at approximately $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.

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