Fluor Corporation $FLR Shares Sold by Ethic Inc.

Ethic Inc. lessened its position in Fluor Corporation (NYSE:FLR) by 36.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,515 shares of the construction company’s stock after selling 2,642 shares during the period. Ethic Inc.’s holdings in Fluor were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FLR. Fifth Third Bancorp increased its holdings in shares of Fluor by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company’s stock valued at $106,000 after purchasing an additional 208 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Fluor by 8.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company’s stock valued at $173,000 after purchasing an additional 271 shares in the last quarter. Xponance Inc. increased its holdings in shares of Fluor by 1.5% in the 1st quarter. Xponance Inc. now owns 24,597 shares of the construction company’s stock valued at $881,000 after purchasing an additional 357 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Fluor by 3.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company’s stock valued at $400,000 after purchasing an additional 359 shares in the last quarter. Finally, Callan Family Office LLC increased its holdings in shares of Fluor by 4.4% in the 1st quarter. Callan Family Office LLC now owns 9,185 shares of the construction company’s stock valued at $329,000 after purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FLR shares. UBS Group cut 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a report on Tuesday, October 14th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Robert W. Baird dropped their target price 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. Finally, KeyCorp downgraded shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price for the company. in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.43.

Fluor Price Performance

Fluor stock opened at $48.67 on Friday. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10. The stock has a market capitalization of $7.87 billion, a P/E ratio of 2.01 and a beta of 1.48. The firm’s 50-day moving average is $43.97 and its two-hundred day moving average is $44.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62.

Fluor (NYSE:FLR) last released its quarterly 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). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Fluor’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts predict 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.