Brighton Jones LLC Invests $451,000 in Fluor Corporation $FLR

Brighton Jones LLC bought a new position in Fluor Corporation (NYSE:FLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,787 shares of the construction company’s stock, valued at approximately $451,000.

A number of other hedge funds have also modified their holdings of FLR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fluor by 170.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,872 shares of the construction company’s stock worth $927,000 after acquiring an additional 16,306 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fluor by 84.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 15,951 shares of the construction company’s stock worth $571,000 after acquiring an additional 7,306 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock worth $49,000 after acquiring an additional 701 shares during the last quarter. New York State Teachers Retirement System grew its holdings 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 worth $6,885,000 after acquiring an additional 18,603 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Fluor by 59.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company’s stock worth $645,000 after acquiring an additional 6,720 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

Shares of NYSE FLR opened at $49.19 on Thursday. The business’s 50-day moving average price is $43.81 and its two-hundred day moving average price is $44.14. 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 Corporation has a one year low of $29.20 and a one year high of $60.10. The company has a market capitalization of $7.95 billion, a P/E ratio of 2.03 and a beta of 1.48.

Fluor (NYSE:FLR) last issued its 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 firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’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. Analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FLR shares. Wall Street Zen cut Fluor from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Tuesday, October 14th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. KeyCorp lowered Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a research report on Tuesday, July 15th. Finally, Robert W. Baird dropped their price target on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Fluor currently has an average rating of “Hold” and an average target price of $49.43.

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.