Chung Wu Investment Group LLC Invests $172,000 in Fluor Corporation $FLR

Chung Wu Investment Group LLC bought a new stake in shares of Fluor Corporation (NYSE:FLR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,346 shares of the construction company’s stock, valued at approximately $172,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Fluor by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company’s stock worth $106,000 after acquiring an additional 208 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Fluor by 8.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company’s stock worth $173,000 after purchasing an additional 271 shares in the last quarter. Xponance Inc. raised its holdings in Fluor by 1.5% during the 1st quarter. Xponance Inc. now owns 24,597 shares of the construction company’s stock worth $881,000 after buying an additional 357 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Fluor by 3.3% in the first quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company’s stock worth $400,000 after buying an additional 359 shares during the period. Finally, Callan Family Office LLC increased its position in shares of Fluor by 4.4% in the first quarter. Callan Family Office LLC now owns 9,185 shares of the construction company’s stock worth $329,000 after acquiring an additional 389 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR opened at $43.11 on Monday. The company has a market capitalization of $6.97 billion, a PE ratio of 1.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. Fluor Corporation has a one year low of $29.20 and a one year high of $60.10. The company’s fifty day moving average price is $43.14 and its 200 day moving average price is $42.62.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s revenue was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Citigroup dropped their price target on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. UBS Group decreased their price objective on Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a research report on Friday, August 22nd. Finally, KeyCorp downgraded shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price objective on the stock. in a research report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fluor presently has an average rating of “Hold” and a consensus target price of $49.57.

Fluor 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.