Weaver Consulting Group Takes Position in Fluor Corporation $FLR

Weaver Consulting Group bought a new position in shares of Fluor Corporation (NYSE:FLR) during the second quarter, Holdings Channel reports. The fund bought 5,500 shares of the construction company’s stock, valued at approximately $282,000.

Several other large investors have also recently modified their holdings of the business. TD Waterhouse Canada Inc. lifted its holdings in shares of Fluor by 14.7% during the second quarter. TD Waterhouse Canada Inc. now owns 85,627 shares of the construction company’s stock worth $4,302,000 after purchasing an additional 10,964 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in Fluor during the 2nd quarter worth $236,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Fluor by 74.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,528 shares of the construction company’s stock worth $796,000 after buying an additional 6,616 shares during the period. MTM Investment Management LLC bought a new stake in shares of Fluor in the 2nd quarter valued at about $26,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Fluor by 6.8% in the second quarter. Rockefeller Capital Management L.P. now owns 165,232 shares of the construction company’s stock valued at $8,471,000 after buying an additional 10,523 shares during the period. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the topic of several analyst reports. Robert W. Baird reduced their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a report on Monday. UBS Group lowered 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, November 13th. DA Davidson lifted their target price on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Citigroup reduced their price objective on shares of Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.57.

Fluor Stock Performance

NYSE:FLR opened at $42.12 on Thursday. The company has a market capitalization of $6.79 billion, a P/E ratio of 1.75 and a beta of 1.59. The business has a fifty day simple moving average of $44.91 and a two-hundred day simple moving average of $45.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’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. On average, analysts expect that Fluor Corporation will post 2.5 earnings per share for the current 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.