Sciencast Management LP Invests $1.70 Million in Fluor Corporation $FLR

Key Points

• Sciencast Management LP has invested approximately $1.70 million in Fluor Corporation, acquiring 47,574 shares, marking its entry into the construction firm during the first quarter.
• Fluor's recent quarterly earnings showed a miss in EPS with $0.43 reported versus the consensus estimate of $0.59, alongside a revenue of $3.98 billion, lower than the forecast of $4.55 billion.
• Fluor's stock ratings are mixed, with four analysts recommending a Buy, four a Hold, and one a Sell, while the stock currently has an average price target of $49.57.

Sciencast Management LP acquired a new stake in Fluor Corporation (NYSE:FLR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 47,574 shares of the construction company's stock, valued at approximately $1,704,000.

A number of other hedge funds have also recently modified their holdings of FLR. Hurley Capital LLC purchased a new position in shares of Fluor in the first quarter valued at about $29,000. Strategic Investment Solutions Inc. IL increased its position in shares of Fluor by 800.0% during the first 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 period. SBI Securities Co. Ltd. increased its position in shares of Fluor by 222.9% during the first 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 increased 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 valued at $43,000 after buying an additional 666 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Fluor during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Down 0.6%

Shares of NYSE FLR traded down $0.24 during midday trading on Friday, hitting $41.07. The stock had a trading volume of 2,444,763 shares, compared to its average volume of 3,600,527. The business's 50 day moving average is $46.65 and its 200-day moving average is $41.88. The company has a market cap of $6.64 billion, a P/E ratio of 1.69 and a beta of 1.50. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. 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 (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, analysts predict that Fluor Corporation will post 2.5 EPS for the current year.

Insider Activity

In related news, Chairman David E. Constable sold 38,600 shares of the 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 transaction, the chairman owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FLR shares. Robert W. Baird reduced their price target on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target on the stock. in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Fluor from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Citigroup cut their price objective 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. Finally, UBS Group cut their price objective on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $49.57.

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.