82,600 Shares in Fluor Corporation $FLR Acquired by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC purchased a new stake in shares of Fluor Corporation (NYSE:FLR) in the third quarter, Holdings Channel.com reports. The firm purchased 82,600 shares of the construction company’s stock, valued at approximately $3,475,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Fluor by 472.4% in the third quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock worth $5,163,000 after acquiring an additional 101,288 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in shares of Fluor by 35.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock valued at $13,673,000 after purchasing an additional 85,000 shares during the last quarter. Intech Investment Management LLC lifted its stake in Fluor by 99.9% in the second quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock worth $15,361,000 after purchasing an additional 149,716 shares during the last quarter. Castleark Management LLC purchased a new stake in Fluor during the second quarter valued at about $6,534,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Fluor by 74.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,528 shares of the construction company’s stock valued at $796,000 after buying an additional 6,616 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 1.8%

FLR opened at $45.61 on Friday. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50. The firm’s 50 day simple moving average is $42.57 and its two-hundred day simple moving average is $44.76. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $7.35 billion, a PE ratio of 2.32, a PEG ratio of 6.52 and a beta of 1.35.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FLR shares. Wall Street Zen cut Fluor from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group decreased their target price on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. Finally, Truist Financial boosted their target price on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Fluor currently has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.