Forum Financial Management LP Grows Stock Holdings in Fluor Corporation $FLR

Forum Financial Management LP increased its stake in shares of Fluor Corporation (NYSE:FLR) by 6.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,602 shares of the construction company’s stock after acquiring an additional 421 shares during the period. Forum Financial Management LP’s holdings in Fluor were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of Fluor during the second quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new position in Fluor during the 2nd quarter worth approximately $33,000. Hurley Capital LLC acquired a new position in Fluor during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL increased its position in Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock worth $32,000 after purchasing an additional 800 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after purchasing an additional 760 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of NYSE:FLR opened at $48.93 on Monday. The business’s 50 day simple moving average is $43.35 and its 200-day simple moving average is $43.82. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 2.02 and a beta of 1.48. 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 12 month low of $29.20 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.16). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period last year, the firm earned $0.85 EPS. Fluor’s 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. As a group, equities analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on FLR. Robert W. Baird dropped their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. UBS Group dropped their target price on Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Citigroup dropped their target price on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Wall Street Zen cut Fluor from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, KeyCorp lowered Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a research note on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.43.

About Fluor

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.