Vontobel Holding Ltd. Reduces Stock Holdings in Fluor Corporation $FLR

Vontobel Holding Ltd. decreased its stake in Fluor Corporation (NYSE:FLR) by 61.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,027 shares of the construction company’s stock after selling 10,977 shares during the quarter. Vontobel Holding Ltd.’s holdings in Fluor were worth $360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hurley Capital LLC purchased a new position in shares of Fluor in the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL lifted its stake in shares of Fluor by 800.0% during the 1st 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 during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Fluor by 222.9% during the 1st 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 during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Fluor during the 1st quarter worth approximately $46,000. Finally, Golden State Wealth Management LLC lifted 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 acquiring an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FLR. Robert W. Baird decreased their price target on Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Wall Street Zen lowered Fluor from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group decreased their target price on Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, KeyCorp lowered Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price for the company. in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Fluor currently has a consensus rating of “Hold” and a consensus price target of $49.43.

Fluor Trading Up 2.2%

Shares of NYSE:FLR opened at $48.26 on Wednesday. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10. The business’s fifty day simple moving average is $42.46 and its 200-day simple moving average is $42.93. The company has a market capitalization of $7.80 billion, a PE ratio of 1.99 and a beta of 1.48. 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 (NYSE:FLR) last announced 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 net margin of 25.35% and a return on equity of 9.27%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s 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. As a group, equities research analysts predict that Fluor Corporation will post 2.5 earnings per share 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.