Stanley Laman Group Ltd. Sells 19,797 Shares of Fluor Corporation $FLR

Key Points

• Stanley Laman Group Ltd. reduced its stake in Fluor Corporation by 18.1%, selling 19,797 shares and leaving it with approximately 89,696 shares worth $4.6 million.
• Several hedge funds increased their holdings in Fluor, with AQR Capital Management LLC leading with a 145.1% boost during the first quarter, reflecting strong institutional interest.
• Fluor's recent earnings report indicated a miss on EPS estimates, reporting $0.43 vs. the expected $0.59, and also a 5.9% decline in revenue year-over-year.

Stanley Laman Group Ltd. decreased its position in Fluor Corporation (NYSE:FLR - Free Report) by 18.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,696 shares of the construction company's stock after selling 19,797 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.05% of Fluor worth $4,599,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen lowered Fluor from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Truist Financial cut their target price on shares of Fluor from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fluor in a research note on Tuesday. Citigroup decreased 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. Finally, Robert W. Baird dropped their price target on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. 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, Fluor has an average rating of "Hold" and a consensus target price of $49.43.

Fluor Stock Performance

FLR opened at $46.69 on Friday. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10. The business's 50 day moving average is $42.78 and its 200-day moving average is $43.14. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7.55 billion, a PE ratio of 1.92 and a beta of 1.48.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the company earned $0.85 EPS. The company's quarterly 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. On average, analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

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.

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