Fluor Corporation $FLR Shares Bought by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC raised its stake in Fluor Corporation (NYSE:FLR) by 20.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 240,000 shares of the construction company’s stock after buying an additional 40,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Fluor were worth $12,305,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in Fluor in the second quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new stake in Fluor during the second quarter worth about $33,000. Hurley Capital LLC purchased a new stake in Fluor during the first quarter worth about $29,000. Strategic Investment Solutions Inc. IL increased its stake in Fluor by 800.0% during the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock worth $32,000 after purchasing an additional 800 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Fluor by 222.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after purchasing an additional 760 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of recent research reports. Truist Financial cut their price target on shares of Fluor from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Citigroup cut their target price on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. UBS Group cut their target price on shares of Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, KeyCorp lowered shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price on the stock. in a research note on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Fluor presently has an average rating of “Hold” and an average price target of $49.43.

Fluor Stock Performance

Shares of Fluor stock opened at $48.75 on Wednesday. The firm has a market capitalization of $7.88 billion, a P/E ratio of 2.01 and a beta of 1.48. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. 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 firm’s 50 day moving average is $43.01 and its two-hundred day moving average is $43.41.

Fluor (NYSE:FLR) last announced its quarterly 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). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Research analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal 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.