Americana Partners LLC Takes $246,000 Position in Fluor Corporation $FLR

Americana Partners LLC acquired a new position in shares of Fluor Corporation (NYSE:FLR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,800 shares of the construction company’s stock, valued at approximately $246,000.

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

Fluor Price Performance

Shares of NYSE FLR opened at $45.33 on Wednesday. The stock has a fifty day moving average price of $44.78 and a 200 day moving average price of $45.00. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50. 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 company has a market cap of $7.33 billion, a PE ratio of 1.87 and a beta of 1.59.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the company posted $0.51 EPS. Fluor’s revenue was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Sell-side analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group decreased their price target on Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. DA Davidson upped their price target on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird dropped their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Finally, Citigroup cut their price objective on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.14.

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.