Voya Investment Management LLC Has $2.61 Million Holdings in Fluor Corporation $FLR

Voya Investment Management LLC decreased its position in shares of Fluor Corporation (NYSE:FLR) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,075 shares of the construction company’s stock after selling 52,118 shares during the quarter. Voya Investment Management LLC’s holdings in Fluor were worth $2,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp boosted its stake in shares of Fluor by 11.2% during the second 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Fluor by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after buying an additional 248 shares during the period. Farther Finance Advisors LLC boosted its position in Fluor by 8.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company’s stock worth $173,000 after buying an additional 271 shares during the period. WINTON GROUP Ltd increased its position in Fluor by 1.2% in the 2nd 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. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Fluor by 5.5% during the second quarter. Sequoia Financial Advisors LLC now owns 7,701 shares of the construction company’s stock valued at $395,000 after acquiring an additional 399 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $40.84 on Friday. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $57.50. The company’s 50 day moving average price is $44.08 and its two-hundred day moving average price is $45.69. The stock has a market cap of $6.58 billion, a P/E ratio of 2.08 and a beta of 1.31. 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 (NYSE:FLR) last issued its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $0.51 earnings per share. Fluor’s revenue 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 predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FLR shares. UBS Group reduced their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. DA Davidson lifted their target price on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Truist Financial increased their price objective on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Fluor has an average rating of “Hold” and an average price target of $49.57.

Fluor 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.