Fluor Corporation $FLR Shares Purchased by UMB Bank n.a.

UMB Bank n.a. raised its stake in Fluor Corporation (NYSE:FLR) by 288.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,956 shares of the construction company’s stock after acquiring an additional 1,453 shares during the period. UMB Bank n.a.’s holdings in Fluor were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC grew its stake in Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after buying an additional 1,104,350 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fluor by 21.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock valued at $109,847,000 after acquiring an additional 550,793 shares during the period. Greenhouse Funds LLLP increased its holdings in shares of Fluor by 1.2% in the 1st quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock valued at $88,382,000 after acquiring an additional 29,404 shares during the period. AQR Capital Management LLC raised its position in Fluor by 145.1% in the 1st quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock valued at $57,276,000 after purchasing an additional 962,382 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Fluor by 4,097.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company’s stock worth $47,723,000 after purchasing an additional 1,300,568 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research reports. Zacks Research cut shares of Fluor from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. UBS Group decreased their price objective on Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Citigroup dropped their target price on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Finally, Truist Financial set a $52.00 price target on Fluor in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.57.

Fluor Stock Performance

Shares of FLR stock opened at $43.79 on Thursday. The company has a current ratio of 1.62, a quick 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 $60.10. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 1.80 and a beta of 1.50. The stock has a 50 day simple moving average of $44.86 and a 200-day simple moving average of $42.23.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16). The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. 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.

Insider Buying and Selling

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

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.