Optimize Financial Inc Buys Shares of 6,016 Fluor Corporation $FLR

Optimize Financial Inc bought a new stake in shares of Fluor Corporation (NYSE:FLR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,016 shares of the construction company’s stock, valued at approximately $215,000.

A number of other hedge funds have also made changes to their positions in the company. Xponance Inc. raised its holdings in shares of Fluor by 1.5% during the first quarter. Xponance Inc. now owns 24,597 shares of the construction company’s stock valued at $881,000 after acquiring an additional 357 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Fluor by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company’s stock valued at $400,000 after purchasing an additional 359 shares in the last quarter. Callan Family Office LLC grew its position in shares of Fluor by 4.4% in the first quarter. Callan Family Office LLC now owns 9,185 shares of the construction company’s stock valued at $329,000 after purchasing an additional 389 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Fluor by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the construction company’s stock valued at $1,719,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in shares of Fluor by 1.2% in the first quarter. State of Michigan Retirement System now owns 41,097 shares of the construction company’s stock valued at $1,472,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Down 0.3%

NYSE:FLR opened at $40.67 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $47.08 and its two-hundred day moving average is $41.86. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 1.68 and a beta of 1.50.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.55 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Research analysts anticipate that Fluor Corporation will post 2.5 EPS for the current year.

Insider Buying and Selling

In other Fluor news, Chairman David E. Constable sold 38,600 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the transaction, the chairman directly owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FLR. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Robert W. Baird decreased their price objective on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. UBS Group decreased their price objective on Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Citigroup decreased their price objective on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Finally, KeyCorp cut Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price objective on the stock. in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average 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.