Amalgamated Bank Sells 2,850 Shares of Fluor Corporation $FLR

Amalgamated Bank cut its stake in shares of Fluor Corporation (NYSE:FLR) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 72,618 shares of the construction company’s stock after selling 2,850 shares during the period. Amalgamated Bank’s holdings in Fluor were worth $3,723,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. IFP Advisors Inc bought a new stake in shares of Fluor in the 2nd quarter worth approximately $27,000. Hurley Capital LLC bought a new stake in shares of Fluor in the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. lifted its holdings in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after acquiring an additional 566 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Fluor by 800.0% in 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 last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Fluor in the 2nd quarter worth approximately $33,000. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Down 0.0%

Shares of Fluor stock opened at $48.78 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’s fifty day simple moving average is $44.11 and its two-hundred day simple moving average is $44.42. The company has a market cap of $7.89 billion, a P/E ratio of 2.01 and a beta of 1.48. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10.

Fluor (NYSE:FLR) last issued its quarterly earnings data 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 company had revenue of $3.98 billion for 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 firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. Research analysts anticipate that Fluor Corporation will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FLR shares. Robert W. Baird lowered their price objective on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Citigroup lowered their price objective on shares of Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a report on Monday, August 4th. KeyCorp lowered shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target for the company. in a report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a report on Tuesday, October 14th. Finally, Truist Financial lowered their price target on shares of Fluor from $52.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.43.

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.