Wealth Enhancement Advisory Services LLC Acquires 12,590 Shares of Fluor Corporation $FLR

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Fluor Corporation by 48.7%, acquiring an additional 12,590 shares, bringing its total holdings to 38,462 shares valued at approximately $2,029,000.
• Fluor's recent quarterly earnings report showed earnings per share (EPS) of $0.43, falling short of the consensus estimate of $0.59, with revenue down 5.9% compared to the same quarter last year.
• After a series of analyst evaluations, Fluor's stock received mixed ratings, with a consensus rating of "Hold" and an average price target of $49.57.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fluor Corporation (NYSE:FLR - Free Report) by 48.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,462 shares of the construction company's stock after acquiring an additional 12,590 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Fluor were worth $2,029,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hurley Capital LLC bought a new position in shares of Fluor during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL grew its stake 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 acquiring an additional 800 shares in the last quarter. SBI Securities Co. Ltd. grew its stake 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 acquiring an additional 760 shares in the last quarter. Versant Capital Management Inc grew its stake 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 worth $43,000 after acquiring an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Fluor in the 1st quarter valued at approximately $46,000. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Fluor

In other news, Chairman David E. Constable sold 38,600 shares of Fluor stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Fluor Trading Down 0.5%

Shares of Fluor stock opened at $42.20 on Monday. The business has a fifty day simple moving average of $44.37 and a two-hundred day simple moving average of $42.43. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 1.74 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $4.55 billion. During the same period in the prior year, the business earned $0.85 EPS. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Research analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. KeyCorp downgraded Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price objective for the company. in a report on Tuesday, July 15th. Wall Street Zen raised Fluor from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Zacks Research downgraded Fluor from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Truist Financial set a $52.00 price objective on Fluor in a report on Monday, August 4th. Finally, Citigroup cut their price objective on Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.

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