Campbell & CO Investment Adviser LLC Invests $496,000 in Fluor Corporation $FLR

Campbell & CO Investment Adviser LLC purchased 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 purchased 11,794 shares of the construction company’s stock, valued at approximately $496,000.

Several other hedge funds have also added to or reduced their stakes in FLR. MTM Investment Management LLC acquired a new position in Fluor in the second quarter valued at about $26,000. IFP Advisors Inc bought a new position in shares of Fluor during the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. grew its position 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 valued at $30,000 after purchasing an additional 566 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Fluor during the 2nd quarter worth approximately $33,000. Finally, CoreCap Advisors LLC raised its holdings in Fluor by 129.5% during 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 period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Trading Up 1.8%

Shares of NYSE:FLR opened at $45.61 on Friday. The company’s 50-day moving average price is $42.57 and its two-hundred day moving average price is $44.76. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $7.35 billion, a PE ratio of 2.32, a price-to-earnings-growth ratio of 6.52 and a beta of 1.35.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the company earned $0.51 EPS. Fluor’s revenue for the quarter was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, equities analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FLR shares. UBS Group reduced their price target on shares of 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 lowered shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Truist Financial boosted their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Hold” and a consensus 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.