Clear Creek Financial Management LLC Boosts Holdings in Fluor Corporation $FLR

Clear Creek Financial Management LLC boosted its position in Fluor Corporation (NYSE:FLR) by 23.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,346 shares of the construction company’s stock after buying an additional 1,995 shares during the period. Clear Creek Financial Management LLC’s holdings in Fluor were worth $530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hurley Capital LLC purchased a new position in Fluor in the 1st quarter valued at $29,000. Strategic Investment Solutions Inc. IL grew its position in Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after buying an additional 800 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after buying an additional 760 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Fluor during the 1st quarter worth $46,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Fluor by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock worth $49,000 after purchasing an additional 701 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the topic of several research analyst reports. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Fluor in a research report on Saturday, September 27th. UBS Group decreased their target price on shares of Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Citigroup decreased their target price on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, Truist Financial decreased their target price on shares of Fluor from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.43.

Fluor Trading Up 1.0%

NYSE:FLR opened at $43.93 on Friday. The company has a market capitalization of $7.10 billion, a PE ratio of 1.81 and a beta of 1.48. 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 Corporation has a 52-week low of $29.20 and a 52-week high of $60.10. The stock has a fifty day simple moving average of $42.18 and a 200-day simple moving average of $42.74.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16). The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, equities research analysts expect that Fluor Corporation will post 2.5 earnings per share for the current fiscal 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.