Farther Finance Advisors LLC Has $173,000 Position in Fluor Corporation $FLR

Farther Finance Advisors LLC increased its holdings in shares of Fluor Corporation (NYSE:FLR) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,368 shares of the construction company’s stock after acquiring an additional 271 shares during the period. Farther Finance Advisors LLC’s holdings in Fluor were worth $173,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FLR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fluor by 21.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,566 shares of the construction company’s stock worth $472,000 after purchasing an additional 1,696 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after purchasing an additional 666 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Fluor by 2,695.3% in the 1st quarter. GAMMA Investing LLC now owns 63,760 shares of the construction company’s stock worth $2,284,000 after purchasing an additional 61,479 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Fluor by 77.8% in the 1st quarter. Parallel Advisors LLC now owns 2,813 shares of the construction company’s stock worth $101,000 after purchasing an additional 1,231 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of Fluor by 150,425.0% in the 1st quarter. NBC Securities Inc. now owns 6,021 shares of the construction company’s stock worth $215,000 after purchasing an additional 6,017 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLR. KeyCorp lowered shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price on the stock. in a report on Tuesday, July 15th. Robert W. Baird reduced their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Citigroup reduced their price target on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, UBS Group reduced their price target on shares of Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fluor presently has an average rating of “Hold” and an average price target of $49.57.

Fluor Trading Up 1.9%

FLR opened at $42.87 on Thursday. 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 $6.93 billion, a price-to-earnings ratio of 1.77 and a beta of 1.48. The firm has a 50 day simple moving average of $43.65 and a 200 day simple moving average of $42.48. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current year.

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.