John G Ullman & Associates Inc. Purchases New Stake in Fluor Corporation $FLR

John G Ullman & Associates Inc. purchased a new stake in Fluor Corporation (NYSE:FLR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the construction company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FLR. IFP Advisors Inc bought a new stake in shares of Fluor during the 2nd quarter worth $27,000. Hurley Capital LLC bought a new position in shares of Fluor during the 1st quarter worth $29,000. Strategic Investment Solutions Inc. IL grew its stake in shares of 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 during the period. SBI Securities Co. Ltd. grew its stake in shares of 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 during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Fluor during the 1st quarter worth $46,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FLR shares. KeyCorp downgraded Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target for the company. in a research note on Tuesday, July 15th. Truist Financial cut their price target on Fluor from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research note on Tuesday, October 14th. Wall Street Zen downgraded Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, UBS Group cut their target price on Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.43.

Fluor Stock Performance

NYSE:FLR opened at $46.69 on Friday. The business’s 50-day moving average price is $42.78 and its two-hundred day moving average price is $43.19. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10. The stock has a market cap of $7.55 billion, a P/E ratio of 1.92 and a beta of 1.48. 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 released its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s revenue 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 analysts predict that Fluor Corporation will post 2.5 EPS 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.