Venture Visionary Partners LLC Reduces Holdings in Fluor Corporation $FLR

Key Points

• Venture Visionary Partners LLC reduced its holdings in Fluor Corporation by 27.6%, now owning 32,290 shares valued at approximately $1.15 million after selling 12,310 shares in the first quarter.
• Recent insider transactions included Alvin C. Collins III selling 18,920 shares for about $859,536 and Chairman David E. Constable selling 38,600 shares for about $2.01 million, reflecting significant decreases in their positions.
• Fluor's latest earnings report revealed a miss on earnings per share estimates, reporting $0.43 EPS compared to a consensus of $0.59, alongside a revenue of $3.98 billion, down 5.9% year-over-year.

Venture Visionary Partners LLC decreased its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,290 shares of the construction company's stock after selling 12,310 shares during the period. Venture Visionary Partners LLC's holdings in Fluor were worth $1,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. Hurley Capital LLC purchased a new stake in Fluor during the 1st quarter worth $29,000. Sterling Capital Management LLC increased its stake in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after buying an additional 408 shares during the period. Strategic Investment Solutions Inc. IL increased its stake 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 buying an additional 800 shares during the period. SBI Securities Co. Ltd. increased its stake 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 buying an additional 760 shares during the period. Finally, Versant Capital Management Inc increased its stake 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 buying an additional 666 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Transactions at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the transaction, the insider owned 64,383 shares in the company, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David E. Constable sold 38,600 shares of the company's stock in a transaction dated 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 completion of the transaction, the chairman owned 792,027 shares of the company's stock, valued at approximately $41,272,526.97. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,320 shares of company stock valued at $4,870,182. Insiders own 1.70% of the company's stock.

Fluor Price Performance

Shares of NYSE:FLR opened at $40.9190 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. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The firm has a 50-day simple moving average of $49.53 and a 200 day simple moving average of $42.22. The company has a market cap of $6.61 billion, a PE ratio of 1.69 and a beta of 1.43.

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 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 for the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the company earned $0.85 EPS. Fluor's quarterly revenue was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, sell-side analysts anticipate that Fluor Corporation will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group dropped their target price on shares of Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. KeyCorp downgraded shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price for the company. in a research report on Tuesday, July 15th. Truist Financial set a $52.00 target price on shares of Fluor in a research report on Monday, August 4th. Wall Street Zen downgraded shares of Fluor from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird dropped their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.57.

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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