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

Quadrant Private Wealth Management LLC bought a new stake in Fluor Corporation (NYSE:FLR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 82,600 shares of the construction company’s stock, valued at approximately $3,475,000. Quadrant Private Wealth Management LLC owned 0.05% of Fluor as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FLR. MTM Investment Management LLC acquired a new position in Fluor during the second quarter valued at approximately $26,000. IFP Advisors Inc bought a new stake in shares of Fluor during the 2nd quarter worth $27,000. Hantz Financial Services Inc. grew its position in Fluor by 2,695.2% in the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after acquiring an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Fluor during the second quarter worth about $33,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $45.61 on Friday. The stock has a market cap of $7.35 billion, a P/E ratio of 2.32, a P/E/G ratio of 6.52 and a beta of 1.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $42.57 and its two-hundred day moving average price is $44.76. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $57.50.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. The firm 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 business’s revenue was down 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, equities analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. UBS Group cut their price objective on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, DA Davidson upped their price objective on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Fluor presently has an average rating of “Hold” and an average 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.