Fluor Corporation $FLR Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Fluor Corporation (NYSE:FLR) by 99.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 299,601 shares of the construction company’s stock after acquiring an additional 149,716 shares during the quarter. Intech Investment Management LLC’s holdings in Fluor were worth $15,361,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FLR. IFP Advisors Inc purchased a new stake in shares of Fluor during the 2nd quarter valued at approximately $27,000. Hurley Capital LLC purchased a new stake in Fluor in the first quarter valued at $29,000. Hantz Financial Services Inc. lifted its stake in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after purchasing an additional 566 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings 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 period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Fluor during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of several research analyst reports. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group decreased their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. 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 report on Monday, August 4th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Truist Financial lifted their price objective on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Fluor has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Stock Down 1.7%

Fluor stock opened at $42.31 on Friday. The firm has a market capitalization of $6.82 billion, a P/E ratio of 1.74 and a beta of 1.59. 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 Corporation has a twelve month low of $29.20 and a twelve month high of $57.50. The stock’s fifty day simple moving average is $44.89 and its 200-day simple moving average is $45.05.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.44 by $0.24. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the firm posted $0.51 EPS. Fluor’s revenue for the quarter was down 17.7% on a year-over-year basis. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities analysts expect that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

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.