Old West Investment Management LLC Buys New Holdings in Fluor Corporation $FLR

Old West Investment Management LLC purchased a new position in shares of Fluor Corporation (NYSE:FLR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,450 shares of the construction company’s stock, valued at approximately $792,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLR. Fifth Third Bancorp lifted its holdings in shares of Fluor by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company’s stock worth $106,000 after acquiring an additional 208 shares during the period. Farther Finance Advisors LLC raised its position in Fluor by 8.8% in the second quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company’s stock worth $173,000 after purchasing an additional 271 shares in the last quarter. Xponance Inc. lifted its stake in Fluor by 1.5% during the first quarter. Xponance Inc. now owns 24,597 shares of the construction company’s stock worth $881,000 after purchasing an additional 357 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Fluor by 3.3% during the first quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company’s stock valued at $400,000 after purchasing an additional 359 shares in the last quarter. Finally, Callan Family Office LLC grew its stake in shares of Fluor by 4.4% in the 1st quarter. Callan Family Office LLC now owns 9,185 shares of the construction company’s stock valued at $329,000 after purchasing an additional 389 shares during the period. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Fluor stock opened at $42.97 on Friday. The stock has a 50-day simple moving average of $44.87 and a 200 day simple moving average of $45.00. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 1.77 and a beta of 1.59. 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 Corporation has a 12-month low of $29.20 and a 12-month high of $57.50.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was down 17.7% on a year-over-year basis. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, research analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the topic of several recent analyst reports. Truist Financial boosted their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a report on Tuesday. Robert W. Baird lowered their target price on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, UBS Group reduced their price target on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fluor currently has an average rating of “Hold” and an average target price of $49.57.

Fluor Company 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.