Country Club Bank Acquires New Stake in Fluor Corporation $FLR

Country Club Bank bought a new stake in Fluor Corporation (NYSE:FLR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,186 shares of the construction company’s stock, valued at approximately $1,841,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of Fluor by 141.9% during the first quarter. HighTower Advisors LLC now owns 84,372 shares of the construction company’s stock valued at $3,022,000 after buying an additional 49,491 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 worth $109,847,000 after purchasing an additional 550,793 shares during the period. American Century Companies Inc. boosted its holdings in shares of Fluor by 12.6% during the first quarter. American Century Companies Inc. now owns 64,904 shares of the construction company’s stock worth $2,325,000 after purchasing an additional 7,240 shares during the last quarter. Cresset Asset Management LLC increased its stake in Fluor by 86.4% in the first quarter. Cresset Asset Management LLC now owns 9,157 shares of the construction company’s stock valued at $328,000 after purchasing an additional 4,245 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Fluor during the first quarter worth about $358,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 1.0%

Shares of NYSE FLR opened at $41.28 on Friday. The stock has a fifty day moving average price of $44.89 and a 200 day moving average price of $45.79. The company has a market cap of $6.65 billion, a P/E ratio of 2.10 and a beta of 1.31. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $57.50. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20.

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

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research analyst reports. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group cut their price target on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. DA Davidson boosted their price objective on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Truist Financial increased their target price on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.