Greenleaf Trust Has $297,000 Stock Holdings in Fluor Corporation $FLR

Greenleaf Trust lessened its stake in Fluor Corporation (NYSE:FLR) by 22.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,797 shares of the construction company’s stock after selling 1,669 shares during the quarter. Greenleaf Trust’s holdings in Fluor were worth $297,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in Fluor in the 1st quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL increased its stake in Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after buying an additional 800 shares during the period. SBI Securities Co. Ltd. increased its stake in Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after buying an additional 760 shares during the period. New Age Alpha Advisors LLC acquired a new position in Fluor in the 1st quarter valued at approximately $46,000. Finally, Golden State Wealth Management LLC grew its position in Fluor by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock worth $49,000 after acquiring an additional 701 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Fluor in a research report on Saturday, September 27th. UBS Group decreased their target price on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Citigroup decreased their target price on shares of Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.57.

Fluor Stock Down 0.8%

Shares of NYSE:FLR opened at $43.11 on Friday. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The company’s 50-day moving average price is $43.14 and its two-hundred day moving average price is $42.59. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The firm has a market cap of $6.97 billion, a P/E ratio of 1.78 and a beta of 1.48.

Fluor (NYSE:FLR) last issued its earnings results 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 the consensus estimate of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, research analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

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.