EntryPoint Capital LLC Makes New Investment in Fluor Corporation $FLR

EntryPoint Capital LLC purchased a new position in shares of Fluor Corporation (NYSE:FLR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,008 shares of the construction company’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also made changes to their positions in FLR. Hurley Capital LLC purchased a new stake in shares of Fluor in the 1st quarter valued at about $29,000. Sterling Capital Management LLC lifted its holdings in shares of Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after purchasing an additional 800 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after purchasing an additional 760 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock valued at $43,000 after purchasing an additional 666 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Up 0.5%

FLR opened at $41.0710 on Friday. The business has a 50 day moving average price of $49.38 and a two-hundred day moving average price of $42.18. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The company has a market cap of $6.64 billion, a PE ratio of 1.69 and a beta of 1.43. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10.

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

Insider Activity at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider owned 64,383 shares in the company, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David E. Constable sold 40,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the transaction, the chairman owned 870,627 shares in the company, valued at $42,660,723. The trade was a 4.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,320 shares of company stock worth $4,870,182 in the last quarter. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FLR. KeyCorp downgraded Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price for the company. in a report on Tuesday, July 15th. Citigroup reduced their target price on Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a report on Monday, August 4th. Wall Street Zen downgraded Fluor from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Robert W. Baird reduced their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Finally, UBS Group reduced their price objective on Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.