Federated Hermes Inc. Increases Position in Fluor Corporation $FLR

Federated Hermes Inc. increased its holdings in Fluor Corporation (NYSE:FLR) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 537,504 shares of the construction company’s stock after acquiring an additional 65,850 shares during the period. Federated Hermes Inc. owned about 0.33% of Fluor worth $27,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FLR. MTM Investment Management LLC bought a new stake in shares of Fluor during the 2nd quarter worth $26,000. IFP Advisors Inc bought a new stake in Fluor in the second quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in Fluor by 2,695.2% in the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after acquiring an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Fluor during the 2nd quarter valued at approximately $33,000. Finally, Solstein Capital LLC purchased a new stake in shares of Fluor during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

FLR has been the subject of several research reports. UBS Group reduced their price objective on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a report on Monday. Finally, DA Davidson increased their target price on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.57.

Fluor Stock Up 0.1%

Shares of NYSE:FLR opened at $43.39 on Wednesday. The firm has a fifty day moving average price of $44.96 and a two-hundred day moving average price of $45.81. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 2.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Analysts anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal year.

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.