Virtu Financial LLC Sells 6,524 Shares of Fluor Corporation $FLR

Key Points

• Virtu Financial LLC reduced its stake in Fluor Corporation by 37.2%, now holding 11,012 shares worth approximately $394,000.
• Fluor's shares rose 0.6% to $41.79, despite a recent earnings report that revealed a miss on EPS expectations and a year-over-year revenue decline of 5.9%.
• Several institutional investors have recently increased their positions in Fluor, with 88.07% of the stock now owned by institutional investors.

Virtu Financial LLC lowered its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 37.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,012 shares of the construction company's stock after selling 6,524 shares during the period. Virtu Financial LLC's holdings in Fluor were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position in shares of Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after purchasing an additional 408 shares during the period. Hurley Capital LLC acquired a new position in shares of Fluor during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL increased 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 worth $32,000 after purchasing an additional 800 shares during the last quarter. SBI Securities Co. Ltd. increased 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 worth $39,000 after purchasing an additional 760 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Fluor by 121.5% during the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock worth $43,000 after purchasing an additional 666 shares during the period. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

FLR stock traded down $0.6410 during midday trading on Tuesday, hitting $41.4790. The company's stock had a trading volume of 954,860 shares, compared to its average volume of 3,572,766. The stock's 50-day moving average price is $49.78 and its 200 day moving average price is $42.23. 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 1 year low of $29.20 and a 1 year high of $60.10. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 1.71 and a beta of 1.43.

Fluor (NYSE:FLR - Get Free Report) last posted 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 return on equity of 9.27% and a net margin of 25.35%.The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.55 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm's revenue for the quarter 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, equities analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Insider Buying and Selling at Fluor

In related news, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction 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 sale, the insider owned 64,383 shares in the company, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the transaction, the chairman owned 870,627 shares of the company's stock, 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 quarter, insiders sold 98,320 shares of company stock valued at $4,870,182. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.