Jacobs Levy Equity Management Inc. Reduces Position in Fluor Corporation $FLR

Jacobs Levy Equity Management Inc. cut its holdings in shares of Fluor Corporation (NYSE:FLR) by 43.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 581,033 shares of the construction company’s stock after selling 445,809 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Fluor were worth $20,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Hurley Capital LLC purchased a new stake in shares of Fluor during the first quarter valued at $29,000. Strategic Investment Solutions Inc. IL boosted its position in shares of Fluor by 800.0% during the first 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. boosted its position in shares of Fluor by 222.9% during the first 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. Versant Capital Management Inc boosted its position in shares of Fluor by 121.5% during the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock valued at $43,000 after buying an additional 666 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Fluor during the first quarter valued at $46,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLR has been the topic of several research reports. 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. Truist Financial set a $52.00 target price on Fluor in a research report on Monday, August 4th. 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. Zacks Research cut Fluor from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Finally, 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. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.57.

Insider Activity

In other news, insider Alvin C. Collins III sold 18,920 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the transaction, the insider owned 64,383 shares of the company’s stock, valued at $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the completion of the transaction, the chairman directly owned 870,627 shares in the company, valued at $42,660,723. This trade represents a 4.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,320 shares of company stock worth $4,870,182 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Up 0.1%

NYSE FLR opened at $41.50 on Friday. The stock’s 50-day moving average price is $47.48 and its 200-day moving average price is $41.83. 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 company has a market capitalization of $6.71 billion, a P/E ratio of 1.71 and a beta of 1.50.

Fluor (NYSE:FLR) last posted its quarterly earnings data 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 company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period last year, the business earned $0.85 EPS. The firm’s quarterly 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. On average, equities research analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

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.