Y Intercept Hong Kong Ltd Takes $5.25 Million Position in Fluor Corporation $FLR

Y Intercept Hong Kong Ltd bought a new stake in Fluor Corporation (NYSE:FLR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 124,804 shares of the construction company’s stock, valued at approximately $5,251,000. Y Intercept Hong Kong Ltd owned 0.08% of Fluor at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Westfuller Advisors LLC purchased a new position in Fluor in the 3rd quarter valued at about $55,000. Quadrant Private Wealth Management LLC purchased a new stake in Fluor during the 3rd quarter worth approximately $3,475,000. Strs Ohio raised its position in shares of Fluor by 88.6% in the 3rd quarter. Strs Ohio now owns 41,500 shares of the construction company’s stock valued at $1,746,000 after purchasing an additional 19,500 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Fluor by 45.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,657 shares of the construction company’s stock valued at $953,000 after buying an additional 7,129 shares during the last quarter. Finally, Pacific Heights Asset Management LLC grew its position in shares of Fluor by 35.4% during the third quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock worth $13,673,000 after buying an additional 85,000 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on FLR. Wall Street Zen downgraded shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Truist Financial upped their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group dropped their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. 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 has an average rating of “Hold” and a consensus target price of $49.57.

Fluor Trading Down 0.1%

Shares of NYSE:FLR opened at $45.58 on Friday. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50. 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 company has a market cap of $7.35 billion, a PE ratio of 2.32, a P/E/G ratio of 6.63 and a beta of 1.35. The company’s 50-day moving average price is $42.64 and its 200 day moving average price is $44.67.

Fluor (NYSE:FLR) last announced its quarterly earnings results 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 company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. Fluor had a net margin of 21.71% and a return on equity of 8.32%. Fluor’s revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current 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.