Public Employees Retirement System of Ohio Invests $136,000 in Fluor Corporation $FLR

Public Employees Retirement System of Ohio acquired a new position in Fluor Corporation (NYSE:FLR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,659 shares of the construction company’s stock, valued at approximately $136,000.

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

Fluor Trading Down 2.3%

Fluor stock opened at $42.91 on Wednesday. The firm’s 50-day moving average is $42.63 and its 200-day moving average is $42.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The company has a market cap of $6.94 billion, a P/E ratio of 1.77 and a beta of 1.48.

Fluor (NYSE:FLR) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, equities analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fluor in a report on Saturday, September 27th. Robert W. Baird lowered their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. UBS Group lowered their price target on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, KeyCorp lowered shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target for the company. in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.