Charles Schwab Investment Management Inc. Has $105.15 Million Stock Holdings in Fluor Corporation $FLR

Charles Schwab Investment Management Inc. trimmed its position in shares of Fluor Corporation (NYSE:FLR) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,050,859 shares of the construction company’s stock after selling 38,242 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of Fluor worth $105,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FLR. American Century Companies Inc. lifted its holdings in shares of Fluor by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 65,781 shares of the construction company’s stock worth $3,373,000 after acquiring an additional 877 shares during the period. Rhumbline Advisers lifted its position in shares of Fluor by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 569,827 shares of the construction company’s stock worth $29,215,000 after buying an additional 21,765 shares during the period. Journey Strategic Wealth LLC bought a new stake in Fluor in the second quarter valued at $302,000. Franklin Resources Inc. bought a new position in shares of Fluor during the second quarter valued at $2,092,000. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Fluor by 38.6% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 71,951 shares of the construction company’s stock valued at $3,689,000 after purchasing an additional 20,055 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Price Performance

Shares of FLR opened at $42.65 on Friday. The stock’s 50-day moving average price is $44.90 and its two-hundred day moving average price is $45.46. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The stock has a market cap of $6.87 billion, a P/E ratio of 1.76 and a beta of 1.59. 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, November 7th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, equities analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on FLR. DA Davidson upped their price objective on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Truist Financial lifted their price objective on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Robert W. Baird decreased their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Citigroup decreased their price objective on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.57.

About Fluor

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.