Mutual of America Capital Management LLC Cuts Holdings in Fluor Corporation $FLR

Mutual of America Capital Management LLC trimmed its holdings in shares of Fluor Corporation (NYSE:FLR) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,890 shares of the construction company’s stock after selling 6,385 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fluor were worth $4,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FLR. Hotchkis & Wiley Capital Management LLC grew its stake in Fluor by 43.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock valued at $130,630,000 after purchasing an additional 1,104,350 shares during the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 550,793 shares during the last quarter. Greenhouse Funds LLLP grew its position in shares of Fluor by 1.2% in the 1st quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock worth $88,382,000 after buying an additional 29,404 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Fluor by 145.1% in the 1st quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock worth $57,276,000 after buying an additional 962,382 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Fluor by 4,097.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company’s stock worth $47,723,000 after buying an additional 1,300,568 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of NYSE FLR opened at $46.48 on Thursday. The business’s 50 day moving average price is $43.09 and its 200 day moving average price is $43.43. The firm has a market cap of $7.51 billion, a P/E ratio of 1.92 and a beta of 1.48. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 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 during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, sell-side analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FLR. KeyCorp lowered shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a report on Tuesday, July 15th. Wall Street Zen downgraded Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Robert W. Baird dropped their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Citigroup dropped their price target on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Finally, UBS Group dropped their price target on Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $49.43.

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.