Fulcrum Asset Management LLP Purchases 33,892 Shares of Fluor Corporation $FLR

Fulcrum Asset Management LLP acquired a new stake in shares of Fluor Corporation (NYSE:FLR) in the third quarter, HoldingsChannel.com reports. The fund acquired 33,892 shares of the construction company’s stock, valued at approximately $1,689,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HB Wealth Management LLC increased its position in Fluor by 7.2% in the second quarter. HB Wealth Management LLC now owns 5,191 shares of the construction company’s stock worth $272,000 after buying an additional 348 shares in the last quarter. Abel Hall LLC lifted its position in shares of Fluor by 5.2% during the 3rd quarter. Abel Hall LLC now owns 7,526 shares of the construction company’s stock valued at $360,000 after buying an additional 374 shares in the last quarter. Parallel Advisors LLC raised its stake in Fluor by 16.4% during the 1st quarter. Parallel Advisors LLC now owns 2,667 shares of the construction company’s stock worth $124,000 after acquiring an additional 375 shares during the period. NewEdge Advisors LLC raised its stake in Fluor by 10.0% during the 2nd quarter. NewEdge Advisors LLC now owns 5,092 shares of the construction company’s stock worth $267,000 after acquiring an additional 464 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in Fluor during the second quarter valued at approximately $25,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 0.2%

Shares of FLR opened at $50.42 on Wednesday. The business’s 50 day moving average is $50.28 and its 200 day moving average is $49.39. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39. Fluor Corporation has a 12-month low of $39.33 and a 12-month high of $58.35. The company has a market capitalization of $6.46 billion, a PE ratio of -7.39, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 6th. The construction company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.03). Fluor had a positive return on equity of 10.52% and a negative net margin of 7.19%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts expect that Fluor Corporation will post 2.70 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLR. Truist Financial reiterated a “buy” rating and issued a $62.00 price target (down from $71.00) on shares of Fluor in a research report on Monday. UBS Group raised their price objective on shares of Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Fluor from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Wall Street Zen cut shares of Fluor from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird dropped their target price on shares of Fluor from $64.00 to $56.00 and set a “neutral” rating for the company in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fluor has a consensus rating of “Hold” and a consensus price target of $60.00.

Fluor News Summary

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Fluor held its 2026 guidance and raised its cash-flow outlook despite the weak quarter, which may help temper investor concerns. Benzinga analyst forecast article
• Neutral Sentiment: Citigroup cut its price target to $66 from $68 but kept a Buy rating; Truist also maintained Buy while lowering its target to $62 from $71. Both still see potential upside from the current share price. Citigroup ratings Truist target update
• Neutral Sentiment: Management plans to meet investors at two industry conferences in November and December; no new business or financial update was announced. Fluor conference announcement
• Negative Sentiment: Analysts are reacting to Fluor’s Q3 earnings miss, and a client scope change could reduce backlog by $2 billion. Baird lowered its target to $56 from $64 and moved to Neutral, adding to pressure from the broader round of forecast cuts. Analyst forecast cuts

Fluor Profile

Fluor Corporation is a global engineering and construction company that provides engineering, procurement, construction, maintenance and project-management services. It works with clients to plan and deliver complex projects, and also provides services for facility operations, upgrades and decommissioning. The company serves customers in sectors including energy, chemicals, mining and metals, infrastructure, advanced technologies and life sciences. Through its government-focused work, Fluor also supports federal agencies and government programs, including projects involving environmental remediation and national security.