GatePass Capital LLC Invests $684,000 in Fluor Corporation $FLR

GatePass Capital LLC purchased a new stake in shares of Fluor Corporation (NYSE:FLR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,250 shares of the construction company’s stock, valued at approximately $684,000.

A number of other large investors have also added to or reduced their stakes in FLR. MTM Investment Management LLC bought a new position in shares of Fluor during the 2nd quarter valued at approximately $26,000. IFP Advisors Inc bought a new position in Fluor during the second quarter valued at $27,000. Hantz Financial Services Inc. grew its stake in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after buying an additional 566 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Fluor during the 2nd quarter valued at about $33,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Up 1.1%

NYSE:FLR opened at $43.91 on Friday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 2.23, a price-to-earnings-growth ratio of 6.40 and a beta of 1.35. Fluor Corporation has a twelve month low of $29.20 and a twelve 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. The stock has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $44.94.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. 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 year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. DA Davidson lifted their target price on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group dropped their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Truist Financial increased their target price on shares of Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $49.57.

Fluor Profile

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.