Fluor Corporation $FLR Stock Holdings Decreased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lessened its position in Fluor Corporation (NYSE:FLR) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,070 shares of the construction company’s stock after selling 2,089 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Fluor were worth $2,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Fluor by 43.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock valued at $130,630,000 after purchasing an additional 1,104,350 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Fluor by 21.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock valued at $109,847,000 after buying an additional 550,793 shares during the period. Greenhouse Funds LLLP lifted its stake in Fluor by 1.2% in the 1st quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock worth $88,382,000 after acquiring an additional 29,404 shares in the last quarter. AQR Capital Management LLC boosted its position in Fluor by 145.1% during the 1st quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock worth $57,276,000 after acquiring an additional 962,382 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in Fluor by 1.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,142,294 shares of the construction company’s stock valued at $40,917,000 after acquiring an additional 18,346 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 1.5%

FLR stock opened at $41.82 on Wednesday. The firm has a market cap of $6.74 billion, a PE ratio of 1.72 and a beta of 1.59. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The company has a fifty day simple moving average of $44.89 and a 200 day simple moving average of $45.47. 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 posted its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.24. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The business’s revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Sell-side analysts anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on FLR. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson increased their target price on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a report on Monday. Truist Financial increased their price objective on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Robert W. Baird lowered their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Fluor presently has an average rating of “Hold” and an average target price 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.