SG Americas Securities LLC Grows Stock Holdings in Fluor Corporation $FLR

SG Americas Securities LLC grew its stake in shares of Fluor Corporation (NYSE:FLR) by 472.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 122,727 shares of the construction company’s stock after buying an additional 101,288 shares during the period. SG Americas Securities LLC’s holdings in Fluor were worth $5,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised 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 valued at $106,000 after purchasing an additional 208 shares during the period. Farther Finance Advisors LLC grew its holdings in Fluor by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,591 shares of the construction company’s stock valued at $151,000 after buying an additional 223 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fluor by 7.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after buying an additional 248 shares during the period. Brighton Jones LLC lifted its holdings in shares of Fluor by 3.1% in the third quarter. Brighton Jones LLC now owns 9,060 shares of the construction company’s stock worth $381,000 after buying an additional 273 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Fluor by 1.2% in the second quarter. WINTON GROUP Ltd now owns 30,689 shares of the construction company’s stock valued at $1,573,000 after acquiring an additional 369 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. DA Davidson upped their target price on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Truist Financial boosted their price target on shares of Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. UBS Group reduced their target price on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.57.

Fluor Trading Up 2.0%

NYSE FLR opened at $44.29 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $42.85 and its two-hundred day simple moving average is $45.17. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $57.50. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 2.25 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 EPS for the quarter, beating the consensus estimate of $0.44 by $0.24. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The company’s revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Research analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

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.