Hudson Valley Investment Advisors Inc. ADV Sells 30,623 Shares of Fluor Corporation $FLR

Hudson Valley Investment Advisors Inc. ADV decreased its position in Fluor Corporation (NYSE:FLR) by 16.2% during the second quarter, Holdings Channel reports. The fund owned 158,639 shares of the construction company’s stock after selling 30,623 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Fluor were worth $8,133,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC bought a new position in Fluor in the first quarter valued at about $29,000. Strategic Investment Solutions Inc. IL lifted its holdings in Fluor by 800.0% in the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after acquiring an additional 800 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Fluor by 222.9% in the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after acquiring an additional 760 shares during the period. Versant Capital Management Inc lifted its holdings in Fluor by 121.5% in the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock valued at $43,000 after acquiring an additional 666 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Fluor in the 1st quarter worth $46,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of recent research reports. UBS Group decreased their target price on Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Citigroup decreased their target price on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fluor in a report on Saturday, September 27th. Finally, Truist Financial set a $52.00 target price on Fluor in a report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Trading Down 0.8%

Shares of FLR stock opened at $43.11 on Friday. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $6.97 billion, a PE ratio of 1.78 and a beta of 1.48. The stock has a fifty day simple moving average of $43.14 and a two-hundred day simple moving average of $42.56.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, analysts predict that Fluor Corporation will post 2.5 EPS for the current fiscal year.

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.