Fluor Corporation $FLR Holdings Lessened by CenterBook Partners LP

CenterBook Partners LP lessened its stake in Fluor Corporation (NYSE:FLR) by 43.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,957 shares of the construction company’s stock after selling 12,917 shares during the quarter. CenterBook Partners LP’s holdings in Fluor were worth $812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maverick Capital Ltd. purchased a new position in Fluor during the first quarter valued at $66,036,000. Moore Capital Management LP increased its holdings in Fluor by 220.0% in the 2nd quarter. Moore Capital Management LP now owns 520,000 shares of the construction company’s stock valued at $27,243,000 after acquiring an additional 357,521 shares during the last quarter. Troluce Capital Advisors LLC bought a new stake in Fluor in the 1st quarter valued at $18,660,000. Principal Financial Group Inc. lifted its stake in Fluor by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 362,226 shares of the construction company’s stock worth $16,898,000 after purchasing an additional 13,082 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Fluor by 34.9% in the 1st quarter. First Trust Advisors LP now owns 337,029 shares of the construction company’s stock worth $15,722,000 after purchasing an additional 87,174 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

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 Trading Up 0.2%

Shares of FLR opened at $50.42 on Wednesday. The company’s fifty day moving average is $50.28 and its 200 day moving average is $49.39. Fluor Corporation has a fifty-two week low of $39.33 and a fifty-two week high of $58.35. The stock has a market capitalization of $6.46 billion, a PE ratio of -7.39, a P/E/G ratio of 1.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.80 and a current ratio of 1.83.

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

Analyst Ratings Changes

Several research firms have commented on FLR. UBS Group increased their price objective on shares of Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a report on Monday, August 10th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Citigroup decreased their target price on Fluor from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial reissued a “buy” rating and set a $62.00 price target (down from $71.00) on shares of Fluor in a research note on Monday. Finally, Weiss Ratings upgraded Fluor from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.00.

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.