Truvestments Capital LLC Trims Position in Fluor Corporation $FLR

Key Points

• Truvestments Capital LLC decreased its ownership in Fluor Corporation by 66.3%, selling 15,486 shares and retaining 7,887 shares valued at $283,000.
• Fluor Corporation's Q2 earnings report revealed an EPS of $0.43, missing expectations of $0.59, with a revenue decline of 5.9% compared to the same quarter last year.
• Analysts have a consensus rating of "Hold" on Fluor's stock, with target prices ranging from $46.00 to $60.00 following recent ratings changes by several firms.

Truvestments Capital LLC lessened its holdings in shares of Fluor Corporation (NYSE:FLR - Free Report) by 66.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,887 shares of the construction company's stock after selling 15,486 shares during the quarter. Truvestments Capital LLC's holdings in Fluor were worth $283,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Fluor during the 1st quarter valued at about $29,000. Strategic Investment Solutions Inc. IL boosted its position in shares of Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock valued at $32,000 after acquiring an additional 800 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock valued at $39,000 after acquiring an additional 760 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after acquiring an additional 666 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Fluor during the 1st quarter valued at about $46,000. Institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FLR. UBS Group dropped their target price on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Zacks Research cut Fluor from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Robert W. Baird decreased their price target on Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. KeyCorp cut Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a research note on Tuesday, July 15th. Finally, Citigroup reduced their target price on Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $49.57.

Fluor Stock Down 3.1%

Fluor stock traded down $1.27 during mid-day trading on Tuesday, hitting $39.75. The company had a trading volume of 1,065,539 shares, compared to its average volume of 3,587,587. 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's 50 day moving average price is $48.21 and its two-hundred day moving average price is $41.81. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a market capitalization of $6.43 billion, a PE ratio of 1.64 and a beta of 1.50.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.16). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period last year, the firm posted $0.85 earnings per share. The company'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. As a group, sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction on Monday, June 9th. The stock was 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 $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total value of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 98,320 shares of company stock worth $4,870,182. Corporate insiders own 1.70% of the company's stock.

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.