Caisse DE Depot ET Placement DU Quebec Buys 163,005 Shares of Fluor Corporation $FLR

Caisse DE Depot ET Placement DU Quebec lifted its stake in Fluor Corporation (NYSE:FLR) by 165.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,348 shares of the construction company’s stock after purchasing an additional 163,005 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of Fluor worth $9,361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FLR. Hurley Capital LLC bought a new position in Fluor during the 1st quarter worth about $29,000. Strategic Investment Solutions Inc. IL grew its holdings in Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock worth $32,000 after acquiring an additional 800 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after acquiring an additional 760 shares in the last quarter. Versant Capital Management Inc grew its holdings in Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after acquiring an additional 666 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Fluor during the 1st quarter worth about $46,000. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the topic of several recent research reports. KeyCorp cut shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price on the stock. in a report on Tuesday, July 15th. UBS Group decreased their price target on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Robert W. Baird decreased their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Truist Financial set a $52.00 price target on shares of Fluor in a research report on Monday, August 4th. Finally, Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.57.

Insider Buying and Selling

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the completion of the transaction, the chairman directly owned 870,627 shares of the company’s stock, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alvin C. Collins III sold 18,920 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider directly owned 64,383 shares of the company’s stock, valued at $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,320 shares of company stock valued at $4,870,182 over the last three months. 1.70% of the stock is currently owned by insiders.

Fluor Stock Performance

Shares of Fluor stock opened at $41.13 on Thursday. The firm has a market capitalization of $6.65 billion, a P/E ratio of 1.69 and a beta of 1.43. 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 company has a 50 day moving average price of $48.71 and a 200 day moving average price of $41.98. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10.

Fluor (NYSE:FLR) last announced 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 net margin of 25.35% and a return on equity of 9.27%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The business’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. Sell-side analysts expect that Fluor Corporation will post 2.5 EPS 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.