Hennessy Advisors Inc. Sells 94,200 Shares of Fluor Corporation $FLR

Hennessy Advisors Inc. cut its position in shares of Fluor Corporation (NYSE:FLR) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 853,700 shares of the construction company’s stock after selling 94,200 shares during the quarter. Fluor comprises 1.5% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 15th biggest holding. Hennessy Advisors Inc.’s holdings in Fluor were worth $43,769,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FLR. Hurley Capital LLC bought a new stake in Fluor in the first quarter worth $29,000. Strategic Investment Solutions Inc. IL boosted 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 worth $32,000 after acquiring an additional 800 shares in the last quarter. SBI Securities Co. Ltd. boosted 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 worth $39,000 after acquiring an additional 760 shares in the last quarter. Versant Capital Management Inc boosted 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 worth $43,000 after acquiring an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Fluor in the first quarter worth $46,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group decreased their price target on 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 upgraded Fluor from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Citigroup decreased their price target on Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Robert W. Baird decreased their price target on Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Finally, Zacks Research cut Fluor from a “hold” rating to a “strong sell” rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fluor has an average rating of “Hold” and an average target price of $49.57.

Fluor Stock Down 0.8%

Fluor stock opened at $43.11 on Friday. The stock has a market cap of $6.97 billion, a PE ratio of 1.78 and a beta of 1.48. 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 Corporation has a one year low of $29.20 and a one year high of $60.10. The stock has a fifty day moving average of $43.14 and a 200 day moving average of $42.56.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, sell-side analysts predict 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.