Strs Ohio Has $1.75 Million Holdings in Fluor Corporation $FLR

Strs Ohio grew its holdings in Fluor Corporation (NYSE:FLR) by 88.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,500 shares of the construction company’s stock after purchasing an additional 19,500 shares during the period. Strs Ohio’s holdings in Fluor were worth $1,746,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock valued at $361,000 after buying an additional 2,896 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Fluor by 337.7% during the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock valued at $587,000 after acquiring an additional 12,645 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Fluor in the first quarter worth $266,000. Acadian Asset Management LLC acquired a new stake in Fluor during the first quarter valued at $54,000. Finally, Farther Finance Advisors LLC grew its stake in Fluor by 8.8% in the second quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company’s stock valued at $173,000 after purchasing an additional 271 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of Fluor stock opened at $46.01 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $42.83 and a 200-day simple moving average of $44.53. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 2.34, a PEG ratio of 6.65 and a beta of 1.35. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 7th. The construction company reported $0.68 EPS 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 quarter last year, the firm posted $0.51 EPS. The business’s quarterly 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, sell-side analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FLR. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Truist Financial raised their price objective on shares of Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Wall Street Zen downgraded shares of Fluor from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. Finally, DA Davidson upped their price objective on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fluor has a consensus rating of “Hold” and a consensus 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.