Fluor Corporation $FLR Shares Bought by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC lifted its position in shares of Fluor Corporation (NYSE:FLR) by 35.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,000 shares of the construction company’s stock after purchasing an additional 85,000 shares during the quarter. Pacific Heights Asset Management LLC owned 0.20% of Fluor worth $13,673,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in Fluor during the second quarter valued at $26,000. IFP Advisors Inc acquired a new stake in shares of Fluor during the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. increased 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 valued at $30,000 after purchasing an additional 566 shares in the last quarter. CoreCap Advisors LLC raised its holdings in 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 purchasing an additional 408 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in Fluor during the second quarter worth approximately $33,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of recent analyst reports. Wall Street Zen cut Fluor from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial boosted their price target on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. UBS Group decreased their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. DA Davidson lifted their target price on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.57.

Fluor Price Performance

Fluor stock opened at $43.91 on Tuesday. The company has a fifty day simple moving average of $42.59 and a 200-day simple moving average of $44.83. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 2.23, a PEG ratio of 6.40 and a beta of 1.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $57.50.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $4.20 billion. During the same period last year, the firm posted $0.51 earnings per share. The company’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. On average, equities analysts anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal year.

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.