Versor Investments LP Invests $519,000 in Fluor Corporation $FLR

Key Points

• Versor Investments LP acquired 14,486 shares of Fluor Corporation, valued at approximately $519,000, during the first quarter of the year.
• Institutional investors currently hold 88.07% of Fluor's stock, highlighting strong institutional interest in the company.
• Fluor's recent quarterly earnings missed analysts' estimates, reporting $0.43 per share against expectations of $0.59, contributing to a year-over-year revenue decrease of 5.9%.

Versor Investments LP bought a new position in shares of Fluor Corporation (NYSE:FLR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 14,486 shares of the construction company's stock, valued at approximately $519,000.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in shares of Fluor by 10.7% in the 1st quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock valued at $6,885,000 after acquiring an additional 18,603 shares during the period. Golden State Wealth Management LLC increased its holdings in Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock valued at $49,000 after purchasing an additional 701 shares in the last quarter. Vontobel Holding Ltd. raised its position in Fluor by 59.6% in the first quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company's stock valued at $645,000 after purchasing an additional 6,720 shares during the period. Mengis Capital Management Inc. lifted its stake in shares of Fluor by 21.9% during the first quarter. Mengis Capital Management Inc. now owns 37,333 shares of the construction company's stock worth $1,337,000 after purchasing an additional 6,710 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Fluor by 28.6% in the first quarter. Janney Montgomery Scott LLC now owns 111,729 shares of the construction company's stock worth $4,002,000 after buying an additional 24,848 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 1.2%

FLR stock traded up $0.5090 during mid-day trading on Friday, hitting $41.5490. 3,059,848 shares of the company were exchanged, compared to its average volume of 5,544,159. The firm has a fifty day simple moving average of $49.25 and a 200 day simple moving average of $42.09. The company has a market capitalization of $6.72 billion, a PE ratio of 1.71 and a beta of 1.43. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly 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). The company had revenue of $3.98 billion for 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 business's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, research analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLR has been the topic of several recent research reports. Wall Street Zen raised Fluor from a "sell" rating to a "hold" rating in a research report on Friday. Citigroup dropped their price objective on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Truist Financial set a $52.00 target price on shares of Fluor in a research note on Monday, August 4th. KeyCorp lowered shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a report on Tuesday, July 15th. Finally, Robert W. Baird decreased their price objective 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Fluor presently has an average rating of "Moderate Buy" and a consensus target price of $49.57.

Insider Activity at Fluor

In other news, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the sale, the insider directly owned 64,383 shares in the company, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the sale, the chairman directly owned 870,627 shares in the company, valued at $42,660,723. This trade represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,320 shares of company stock valued at $4,870,182. Insiders own 1.70% of the company's stock.

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.