Vanguard Personalized Indexing Management LLC Acquires 13,173 Shares of Fluor Corporation $FLR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Fluor Corporation by 95.3% during Q2, acquiring an additional 13,173 shares and bringing its total holdings to 26,995 shares valued at $1.384 million.
• Fluor's recent earnings report showed a decline in revenue, with Q2 revenue at $3.98 billion, missing estimates by $0.57 billion, and earnings per share (EPS) of $0.43 below consensus estimates of $0.59.
• Analysts have given Fluor an average rating of "Hold", with recent price targets ranging from $41.00 to $57.00 following several rating adjustments.

Vanguard Personalized Indexing Management LLC raised its holdings in Fluor Corporation (NYSE:FLR - Free Report) by 95.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,995 shares of the construction company's stock after acquiring an additional 13,173 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Fluor were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp grew its position in shares of Fluor by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company's stock worth $106,000 after buying an additional 208 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Fluor by 8.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company's stock worth $173,000 after buying an additional 271 shares in the last quarter. Xponance Inc. grew its position in shares of Fluor by 1.5% during the 1st quarter. Xponance Inc. now owns 24,597 shares of the construction company's stock worth $881,000 after buying an additional 357 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Fluor by 3.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company's stock worth $400,000 after buying an additional 359 shares in the last quarter. Finally, Callan Family Office LLC grew its position in shares of Fluor by 4.4% during the 1st quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock worth $329,000 after buying an additional 389 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

FLR has been the topic of a number of recent research reports. Truist Financial dropped their price target on Fluor from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings restated a "hold (c)" rating on shares of Fluor in a research note on Tuesday. KeyCorp cut Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price objective for the company. in a research note on Tuesday, July 15th. Citigroup decreased 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. Finally, Zacks Research upgraded Fluor from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Fluor has an average rating of "Hold" and a consensus price target of $49.43.

Fluor Trading Down 3.6%

Fluor stock opened at $46.69 on Friday. The stock has a 50-day moving average of $42.78 and a two-hundred day moving average of $43.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. Fluor Corporation has a one year low of $29.20 and a one year high of $60.10. 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 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 net margin of 25.35% and a return on equity of 9.27%. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.55 billion. During the same quarter last year, the business posted $0.85 earnings per share. 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, research analysts anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal 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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