MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.64 Million Stock Holdings in Fluor Corporation $FLR

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fluor Corporation (NYSE:FLR) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 101,670 shares of the construction company’s stock after purchasing an additional 4,498 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Fluor worth $3,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLR. New York State Teachers Retirement System boosted its position in Fluor by 10.7% during the first quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company’s stock valued at $6,885,000 after purchasing an additional 18,603 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Fluor by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock worth $49,000 after purchasing an additional 701 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Fluor by 59.6% during the 1st quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company’s stock worth $645,000 after purchasing an additional 6,720 shares in the last quarter. Mengis Capital Management Inc. raised its stake in shares of Fluor by 21.9% during the 1st quarter. Mengis Capital Management Inc. now owns 37,333 shares of the construction company’s stock worth $1,337,000 after purchasing an additional 6,710 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Fluor by 28.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 111,729 shares of the construction company’s stock worth $4,002,000 after purchasing an additional 24,848 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fluor

In related news, Chairman David E. Constable sold 38,600 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the sale, the chairman directly owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of NYSE FLR opened at $41.07 on Friday. The stock’s fifty day moving average price is $46.41 and its two-hundred day moving average price is $41.91. Fluor Corporation has a one year low of $29.20 and a one year high of $60.10. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 1.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLR. Citigroup dropped their price objective on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Truist Financial set a $52.00 price target on Fluor in a research report on Monday, August 4th. KeyCorp downgraded Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a research report on Tuesday, July 15th. Finally, Zacks Research downgraded Fluor from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fluor currently has an average rating of “Hold” and an average target price of $49.57.

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.