Lingohr Asset Management GmbH Grows Stock Holdings in Fluor Corporation $FLR

Lingohr Asset Management GmbH raised its holdings in shares of Fluor Corporation (NYSE:FLR) by 792.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,669 shares of the construction company’s stock after acquiring an additional 76,069 shares during the quarter. Lingohr Asset Management GmbH owned approximately 0.05% of Fluor worth $3,604,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in Fluor in the second quarter valued at $26,000. IFP Advisors Inc acquired a new stake in Fluor during the 2nd quarter worth approximately $27,000. Hantz Financial Services Inc. grew its position in 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 buying an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Fluor in the second quarter valued at about $33,000. Finally, CoreCap Advisors LLC boosted its holdings in Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Price Performance

FLR opened at $46.20 on Friday. 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 has a market capitalization of $7.45 billion, a P/E ratio of 2.35, a PEG ratio of 6.83 and a beta of 1.35. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50. The company has a 50-day moving average of $43.18 and a 200-day moving average of $44.51.

Fluor (NYSE:FLR) last released its 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. The company had revenue of $3.37 billion for 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%.Fluor’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Equities analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FLR shares. DA Davidson upped their price target on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. UBS Group lowered their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. 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, Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.57.

Fluor Company 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.