Vanguard Personalized Indexing Management LLC Increases Stake in Fluor Corporation $FLR

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Fluor Corporation (NYSE:FLR) by 95.3% in the 2nd quarter, Holdings Channel reports. The fund owned 26,995 shares of the construction company’s stock after buying an additional 13,173 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Fluor were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System raised its position in Fluor by 10.7% during the first quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company’s stock valued at $6,885,000 after acquiring an additional 18,603 shares in the last quarter. Golden State Wealth Management LLC raised its position in Fluor by 104.6% during the first quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock valued at $49,000 after acquiring an additional 701 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Fluor by 46.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 23,640 shares of the construction company’s stock valued at $847,000 after acquiring an additional 7,540 shares in the last quarter. UMB Bank n.a. raised its position in Fluor by 288.9% during the second quarter. UMB Bank n.a. now owns 1,956 shares of the construction company’s stock valued at $100,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in Fluor by 59.6% during the first quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company’s stock valued at $645,000 after acquiring an additional 6,720 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FLR has been the subject of several recent research reports. Citigroup reduced their price target on Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 4th. UBS Group dropped their price objective on Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. 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. Truist Financial dropped their price objective on Fluor from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Fluor from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.43.

Fluor Stock Performance

Shares of NYSE:FLR opened at $46.69 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day moving average price is $42.78 and its 200-day moving average price is $43.14. The firm has a market capitalization of $7.55 billion, a PE ratio of 1.92 and a beta of 1.48. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10.

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