Mid American Wealth Advisory Group Inc. Takes $438,000 Position in Fluor Corporation $FLR

Mid American Wealth Advisory Group Inc. bought a new position in shares of Fluor Corporation (NYSE:FLR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,542 shares of the construction company’s stock, valued at approximately $438,000.

A number of other hedge funds also recently bought and sold shares of FLR. Pacer Advisors Inc. lifted its holdings in Fluor by 4,097.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company’s stock worth $47,723,000 after buying an additional 1,300,568 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in Fluor by 43.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after acquiring an additional 1,104,350 shares during the period. AQR Capital Management LLC boosted its holdings in Fluor by 145.1% in the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock valued at $57,276,000 after acquiring an additional 962,382 shares in the last quarter. Clearline Capital LP purchased a new position in Fluor during the 1st quarter valued at $30,838,000. Finally, Nuveen LLC bought a new position in Fluor in the 1st quarter worth $22,308,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of FLR opened at $47.95 on Tuesday. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10. The company has a market capitalization of $7.75 billion, a P/E ratio of 1.98 and a beta of 1.48. The firm has a 50 day moving average of $42.90 and a 200 day moving average of $43.37. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR) last issued its earnings results 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 business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, equities research analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the topic of several research analyst reports. UBS Group reduced their price target on shares of Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Citigroup cut their price objective on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Tuesday, October 14th. Robert W. Baird dropped their price target on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Finally, Truist Financial decreased their price objective on Fluor from $52.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.43.

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.