4,000 Shares in Fluor Corporation $FLR Acquired by Evanson Asset Management LLC

Evanson Asset Management LLC bought a new position in shares of Fluor Corporation (NYSE:FLR) during the second quarter, Holdings Channel reports. The fund bought 4,000 shares of the construction company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hurley Capital LLC bought a new stake in Fluor during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL grew its stake in Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock worth $32,000 after buying an additional 800 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after buying an additional 760 shares in the last quarter. Versant Capital Management Inc grew its stake in Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after buying an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Fluor in the 1st quarter worth approximately $46,000. Institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of Fluor stock opened at $43.79 on Thursday. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 1.80 and a beta of 1.50. The company has a fifty day moving average of $44.86 and a 200-day moving average of $42.23. 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 posted its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Equities research analysts expect that Fluor Corporation will post 2.5 EPS for the current year.

Insider Buying and Selling

In related news, Chairman David E. Constable sold 38,600 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the sale, the chairman directly owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on FLR. UBS Group cut their price target on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Robert W. Baird cut their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Truist Financial set a $52.00 price target on shares of Fluor in a research note on Monday, August 4th. Finally, KeyCorp cut shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price objective for the company. in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.57.

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.