Venture Visionary Partners LLC Sells 13,349 Shares of Fluor Corporation $FLR

Venture Visionary Partners LLC cut its holdings in shares of Fluor Corporation (NYSE:FLR) by 45.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,131 shares of the construction company’s stock after selling 13,349 shares during the quarter. Venture Visionary Partners LLC’s holdings in Fluor were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in shares of Fluor during the 2nd quarter valued at about $26,000. IFP Advisors Inc bought a new position in Fluor during the second quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its holdings in Fluor by 2,695.2% in the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Fluor in the 2nd quarter worth approximately $33,000. Finally, Solstein Capital LLC purchased a new stake in Fluor during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of NYSE FLR opened at $40.79 on Thursday. The company has a market cap of $6.57 billion, a P/E ratio of 2.07 and a beta of 1.31. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s fifty day moving average is $44.93 and its two-hundred day moving average is $45.82.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The firm’s revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, analysts anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research report on Monday. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, UBS Group decreased their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Fluor currently has an average rating of “Hold” and an average target price of $49.57.

Fluor 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.