Fluor Corporation $FLR Shares Bought by Energy Income Partners LLC

Energy Income Partners LLC raised its position in shares of Fluor Corporation (NYSE:FLR) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,040,083 shares of the construction company’s stock after acquiring an additional 82,592 shares during the quarter. Energy Income Partners LLC owned approximately 0.64% of Fluor worth $53,325,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of Fluor in the second quarter valued at about $26,000. IFP Advisors Inc acquired a new stake in Fluor in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its stake in Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Fluor in the second quarter valued at approximately $33,000. Finally, Solstein Capital LLC acquired a new stake in shares of Fluor in the second quarter valued at approximately $38,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Price Performance

FLR stock opened at $43.52 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The firm has a market capitalization of $7.01 billion, a P/E ratio of 2.21 and a beta of 1.31. The business’s 50-day moving average is $45.01 and its two-hundred day moving average is $45.80.

Fluor (NYSE:FLR) last announced its quarterly earnings data 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 net margin of 21.71% and a return on equity of 8.32%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm posted $0.51 EPS. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLR has been the subject of several analyst reports. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group reduced their price target on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Truist Financial raised their target price on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.57.

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.