124,804 Shares in Fluor Corporation $FLR Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Fluor Corporation (NYSE:FLR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 124,804 shares of the construction company’s stock, valued at approximately $5,251,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. MTM Investment Management LLC acquired a new position in Fluor in the second quarter worth approximately $26,000. IFP Advisors Inc acquired a new position in shares of Fluor in the 2nd quarter worth $27,000. Hantz Financial Services Inc. raised its position in shares of Fluor by 2,695.2% during 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 period. CoreCap Advisors LLC lifted its holdings in shares of Fluor by 129.5% during the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Fluor in the 2nd quarter valued at $33,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Down 0.1%

Fluor stock opened at $45.58 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50. The firm’s fifty day simple moving average is $42.64 and its 200-day simple moving average is $44.67. The company has a market capitalization of $7.35 billion, a P/E ratio of 2.32, a P/E/G ratio of 6.63 and a beta of 1.35.

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

Analysts Set New Price Targets

FLR has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. UBS Group cut 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 reaffirmed a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen downgraded Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.