AYAL Capital Advisors Ltd Purchases New Stake in Fluor Corporation $FLR

AYAL Capital Advisors Ltd bought a new stake in Fluor Corporation (NYSE:FLR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 175,100 shares of the construction company’s stock, valued at approximately $8,977,000. Fluor makes up 2.1% of AYAL Capital Advisors Ltd’s holdings, making the stock its 4th biggest position. AYAL Capital Advisors Ltd owned approximately 0.11% of Fluor at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FLR. DLD Asset Management LP acquired a new position in shares of Fluor during the 2nd quarter valued at about $1,025,400,000. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after buying an additional 1,104,350 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fluor by 21.9% during the 1st 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 holdings in Fluor by 1.2% in the first quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock valued at $88,382,000 after acquiring an additional 29,404 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Fluor by 145.1% in the first 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. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 3.0%

Shares of FLR stock opened at $43.52 on Friday. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50. The company has a 50 day moving average price of $45.01 and a 200 day moving average price of $45.80. The stock has a market capitalization of $7.01 billion, a P/E ratio of 2.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.44 by $0.24. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the company posted $0.51 EPS. 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. Equities research analysts predict that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FLR shares. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research note on Monday. UBS Group dropped their price target on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, 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 report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.57.

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.