Exchange Traded Concepts LLC Has $6.25 Million Stock Position in Fluor Corporation $FLR

Exchange Traded Concepts LLC boosted its position in Fluor Corporation (NYSE:FLR) by 83.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,535 shares of the construction company’s stock after purchasing an additional 67,724 shares during the period. Exchange Traded Concepts LLC owned 0.09% of Fluor worth $6,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLR. American Century Companies Inc. raised its position in Fluor by 12.6% during the 1st 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 lifted its position in shares of Fluor by 86.4% during the 1st quarter. Cresset Asset Management LLC now owns 9,157 shares of the construction company’s stock valued at $328,000 after acquiring an additional 4,245 shares during the period. Martingale Asset Management L P raised its holdings in shares of Fluor by 16.7% during the first quarter. Martingale Asset Management L P now owns 9,033 shares of the construction company’s stock valued at $324,000 after purchasing an additional 1,290 shares during the period. AlphaQuest LLC boosted its holdings in Fluor by 763.7% in the first quarter. AlphaQuest LLC now owns 2,021 shares of the construction company’s stock worth $72,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Fluor in the 1st quarter valued at $470,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

Shares of FLR stock opened at $40.89 on Wednesday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 2.08 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. The company’s 50-day moving average is $44.55 and its 200 day moving average is $45.78. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50.

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

Analyst Ratings Changes

Several brokerages have recently commented on FLR. Truist Financial increased their price objective on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a report on Monday. UBS Group cut 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. Finally, Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.57.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.