Granite Investment Partners LLC Purchases 14,727 Shares of Fluor Corporation $FLR

Granite Investment Partners LLC boosted its holdings in shares of Fluor Corporation (NYSE:FLR) by 25.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,170 shares of the construction company’s stock after acquiring an additional 14,727 shares during the period. Granite Investment Partners LLC’s holdings in Fluor were worth $3,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FLR. DLD Asset Management LP bought a new position in shares of Fluor during the 2nd quarter valued at about $1,025,400,000. Hotchkis & Wiley Capital Management LLC raised its holdings in Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after buying an additional 1,104,350 shares during the period. Dimensional Fund Advisors LP lifted its stake in Fluor by 21.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock valued at $109,847,000 after buying an additional 550,793 shares in the last quarter. Greenhouse Funds LLLP boosted its holdings in shares of Fluor by 1.2% in the first quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock valued at $88,382,000 after buying an additional 29,404 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Fluor by 145.1% during the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock worth $57,276,000 after acquiring an additional 962,382 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Performance

NYSE FLR opened at $42.68 on Wednesday. The firm has a market capitalization of $6.88 billion, a P/E ratio of 2.17 and a beta of 1.31. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $44.82 and its two-hundred day moving average price is $45.62. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.24. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business earned $0.51 EPS. Fluor’s revenue for the quarter was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, research analysts anticipate that Fluor Corporation will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a report on Monday. Truist Financial increased their price objective on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. UBS Group cut their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.