OMERS ADMINISTRATION Corp Has $2.63 Million Stake in Fluor Corporation $FLR

OMERS ADMINISTRATION Corp increased its position in shares of Fluor Corporation (NYSE:FLR) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,300 shares of the construction company’s stock after purchasing an additional 6,600 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Fluor were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. DLD Asset Management LP acquired a new position in shares of Fluor in the second quarter valued at about $1,025,400,000. Hotchkis & Wiley Capital Management LLC grew its position in shares of 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 purchasing an additional 1,104,350 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 stake 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 grew its position in 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 buying an additional 962,382 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

FLR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Robert W. Baird decreased their price objective on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. DA Davidson raised their target price on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Truist Financial raised 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 equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Trading Down 1.2%

Shares of NYSE FLR opened at $42.40 on Tuesday. The firm has a 50 day moving average price of $44.85 and a two-hundred day moving average price of $45.59. The stock has a market cap of $6.83 billion, a P/E ratio of 1.75 and a beta of 1.59. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62.

Fluor (NYSE:FLR) last issued 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 25.35% and a return on equity of 9.27%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. 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 forecast that Fluor Corporation will post 2.5 EPS for the current 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.