Journey Strategic Wealth LLC Makes New Investment in Fluor Corporation $FLR

Journey Strategic Wealth LLC acquired a new stake in Fluor Corporation (NYSE:FLR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,885 shares of the construction company’s stock, valued at approximately $302,000.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of Fluor by 99.9% in the 2nd quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock valued at $15,361,000 after purchasing an additional 149,716 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Fluor by 48.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,462 shares of the construction company’s stock worth $2,029,000 after purchasing an additional 12,590 shares in the last quarter. UMB Bank n.a. increased its holdings in Fluor by 288.9% in the second quarter. UMB Bank n.a. now owns 1,956 shares of the construction company’s stock valued at $100,000 after buying an additional 1,453 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Fluor by 46.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 23,640 shares of the construction company’s stock valued at $847,000 after buying an additional 7,540 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in Fluor by 21.9% during the 1st quarter. Mengis Capital Management Inc. now owns 37,333 shares of the construction company’s stock worth $1,337,000 after buying an additional 6,710 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FLR. Robert W. Baird dropped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research note on Monday, November 17th. Truist Financial raised their price objective on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. UBS Group reduced their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Price Performance

FLR stock opened at $40.01 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $6.45 billion, a P/E ratio of 1.65 and a beta of 1.59. The business has a 50 day simple moving average of $44.88 and a 200-day simple moving average of $45.39. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $57.50.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities analysts anticipate that Fluor Corporation will post 2.5 EPS for the current year.

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.