Abacus Planning Group Inc. Acquires 467 Shares of Fluor Corporation $FLR

Abacus Planning Group Inc. increased its stake in Fluor Corporation (NYSE:FLR) by 8.1% during the second quarter, Holdings Channel.com reports. The firm owned 6,216 shares of the construction company’s stock after purchasing an additional 467 shares during the quarter. Abacus Planning Group Inc.’s holdings in Fluor were worth $319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hurley Capital LLC purchased a new position in shares of Fluor during the 1st quarter valued at about $29,000. Strategic Investment Solutions Inc. IL lifted its holdings in 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 purchasing an additional 800 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Fluor by 222.9% in the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after purchasing an additional 760 shares during the period. Versant Capital Management Inc increased its stake in shares of Fluor by 121.5% in the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after purchasing an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Fluor during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $43.11 on Friday. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 1.78 and a beta of 1.48. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The stock’s 50 day simple moving average is $43.14 and its two-hundred day simple moving average is $42.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62.

Fluor (NYSE:FLR) last posted its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, equities analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FLR. Robert W. Baird cut their price target on Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. KeyCorp cut Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price for the company. in a research report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Fluor in a report on Saturday, September 27th. Truist Financial set a $52.00 price objective on shares of Fluor in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Company 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.