Aristides Capital Acquires $9.46M Stake in Fluor Corporation (FLR)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- New Investment Position: Aristides Capital initiated a new position in Fluor Corporation during Q3, acquiring 224,842 shares for approximately $9.46 million, indicating confidence in the company's potential.
- Ownership Analysis: This investment represents about 2.84% of Aristides Capital's total reportable U.S. equity assets, highlighting its significance within the fund's diversified portfolio.
- Market Performance Comparison: Fluor shares are priced at $40.69, down 20% over the past year, significantly underperforming the S&P 500's 15% gain, reflecting market caution regarding its future outlook.
- Financial Overview: Fluor reported a TTM revenue of $15.59 billion and a net income of $3.38 billion, and with 82% of its $28.2 billion backlog being reimbursable, it provides a stable revenue foundation despite current challenges.
FLR
$40.82+Infinity%1D
Analyst Views on FLR
Wall Street analysts forecast FLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLR is 49.25 USD with a low forecast of 40.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 40.940
Low
40.00
Averages
49.25
High
57.00
Current: 40.940
Low
40.00
Averages
49.25
High
57.00
About FLR
Fluor Corporation is a holding company that provides engineering, procurement, construction (EPC), fabrication and modularization, and project management services. The Company's segments include Energy Solutions, Urban Solutions and Mission Solutions. The Energy Solutions segment provides EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG and power markets. The segment serves these industries with comprehensive project life-cycle services. The Urban Solutions segment provides EPC and project management services to the advanced technologies and manufacturing, life sciences, mining and metals, infrastructure industries and professional staffing services. The Mission Solutions segment provides high-end technical solutions to the United States and other governments. These include, among others, the DOE, the Department of Defense, FEMA and intelligence agencies. The segment also provides services to commercial nuclear clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
