Core Insights - Investors are taking a bearish stance on Fluor (NYSE:FLR), with significant options activity indicating potential market movements [1][2] - The overall sentiment among large investors is 36% bullish and 54% bearish, suggesting a cautious outlook [2] - The price range targeted by large investors for Fluor over the last three months is between $40.0 and $67.5 [3] Options Trading Activity - A total of 11 uncommon options trades were detected for Fluor, with 3 puts amounting to $132,762 and 8 calls totaling $1,214,695 [2] - The volume and open interest metrics indicate strong liquidity and investor interest in Fluor's options, particularly within the $40.0 to $67.5 strike price range over the past 30 days [4] Company Overview - Fluor is a leading global provider of engineering, procurement, construction, fabrication, operations, and maintenance services, serving various sectors including oil and gas, chemicals, mining, metals, and transportation [11] - The company generated $16.3 billion in revenue in 2024, indicating a robust market presence [11] Analyst Insights - An industry analyst has set an average target price of $51.0 for Fluor, maintaining a Buy rating [12][13] - The current stock price of FLR is $50.03, reflecting a 3.16% increase, with upcoming earnings expected in 10 days [15]

Core Viewpoint - Fluor Corporation is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Fluor Corporation made false statements regarding the rising costs of its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, which were attributed to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [2]. - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategy and the impact of economic uncertainty [2]. Group 2: Legal Proceedings and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Insights - The author is a full-time value investor with a background in private credit and commercial real estate (CRE) mezzanine financing, indicating a strong foundation in financial analysis and investment strategies [1] Group 1: Investment Strategy - The investment approach focuses on classical value ratios to select portfolio investments, suggesting a disciplined methodology aimed at identifying undervalued assets [1] Group 2: Professional Background - The author has experience working with prominent CRE developers such as The Witkoff Group, Kushner Companies, Durst Organization, and Fortress Investment Group, highlighting a robust network and industry knowledge [1]

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) by Berger Montague on behalf of investors who acquired shares between February 18, 2025, and July 31, 2025, alleging that the company concealed significant cost overruns and execution problems on key infrastructure projects [1][3]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue driver among its three segments [2]. Allegations and Issues - The lawsuit claims that FLR concealed substantial cost overruns and execution issues on major projects, including the Gordie Howe International Bridge and I-635/LBJ, which were affected by subcontractor errors, supply chain inflation, and construction delays [3]. - The company allegedly overstated its risk mitigation strategies while failing to disclose the full impact of reduced client spending and macroeconomic uncertainties [3]. Financial Performance - Despite the ongoing issues, FLR reaffirmed its financial guidance in May 2025. However, on August 1, 2025, the company reported second-quarter results that significantly missed expectations, with non-GAAP EPS of $0.43 (missing by $0.13) and revenue of $3.98 billion (missing by $570 million) [4]. - Following these disappointing results, FLR cut its full-year guidance, leading to a 27.04% drop in stock price to $41.42 on August 1, 2025, prompting analysts to downgrade the stock due to lost confidence in management's disclosures and project oversight [4].

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for allegedly making materially false and misleading statements regarding its business operations and financial prospects during the specified class period from February 18, 2025, to July 31, 2025 [3][7]. Allegation Details - The complaint claims that Fluor's management failed to disclose significant cost increases related to major projects, including the Gordie Howe, I-635/LBJ, and I-35 projects, due to subcontractor design errors, price hikes, and scheduling delays [3]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a substantial negative impact on Fluor's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the company's risk mitigation strategies [3]. Next Steps - Investors who purchased Fluor shares and experienced losses are encouraged to contact the law firm Bragar Eagel & Squire for more information regarding their rights and potential claims [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 14, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts in the United States [5].

Company Overview - Fluor is a holding company providing engineering, procurement, construction, fabrication, modularization, and project management services across three segments: energy solutions, urban solutions, and mission solutions [1] - The energy solutions segment focuses on traditional oil and gas markets, while urban solutions serve advanced technologies, life sciences, and infrastructure industries [1] - The mission solutions segment provides technical solutions to U.S. government agencies, including the Department of Energy and Department of Defense [1] Recent Developments - On October 21, Starboard Value announced a nearly 5% stake in Fluor, aiming to unlock value from Fluor's approximately 39% holding in NuScale Power, which constitutes over 60% of Fluor's market capitalization [3] - Fluor's operational turnaround began with the appointment of David Constable as CEO in 2021, shifting focus to lower-risk reimbursable projects, increasing their backlog from 45% to 80% [5] - The company has reduced exposure to loss-making legacy projects from $1.8 billion to $558 million, significantly lowering its risk profile [5] Financial Performance - Fluor has maintained a steady backlog and achieved a 14% compound annual growth rate (CAGR) in EBITDA from fiscal year 2021 to fiscal year 2024, with projections of approximately 9% CAGR from fiscal 2024 to fiscal 2028 [6] - The construction market has grown to over $918 billion, positioning Fluor favorably within a duopoly alongside Bechtel [7] - Fluor's current enterprise value is $6.7 billion, valued at 8.9 times its enterprise value to calendar year 2027 estimates for consensus EBITDA [8] Investment in NuScale - Fluor's investment in NuScale, valued at approximately $4.3 billion, represents more than half of Fluor's current enterprise value [11] - If the NuScale stake is excluded, Fluor's enterprise value would drop to $3.3 billion, reflecting a depressed valuation of 4.6 times [12] - Starboard has proposed various strategies to monetize Fluor's NuScale stake, including open-market sales or a tax-free spinoff, which could significantly enhance shareholder value [13][14] Activist Investor Influence - Starboard Value has a successful track record in activist investing, with an average return of 50.55% from prior campaigns in the industrial sector [2] - The relationship between Starboard and Fluor's management, particularly with David Constable, is expected to be constructive and beneficial for shareholders [16]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fluor Corporation securities between February 18, 2025, and July 31, 2025, about the upcoming lead plaintiff deadline on November 14, 2025, for a class action lawsuit [1][2] Group 1: Class Action Details - Investors who purchased Fluor securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the November 14, 2025 deadline [2][4] - The lawsuit alleges that Fluor made false and misleading statements regarding project costs and financial guidance, which negatively impacted its business and financial results [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]

Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the rising costs of its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [2]. - The complaint asserts that Fluor's financial guidance for FY 2025 was unreliable, overstating the effectiveness of its risk mitigation strategy and understating the impact of economic uncertainty on its business [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, which were increasing due to subcontractor design errors, price hikes, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [2]. - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategies and the impact of economic uncertainty [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during the class period from February 18, 2025, to July 31, 2025 [1][4]. Company Overview - Fluor Corporation provides engineering, procurement, construction, fabrication, modularization, and project management services, with notable infrastructure projects including the Gordie Howe International Bridge and various highways in Texas [3]. Allegations of the Lawsuit - The lawsuit alleges that Fluor failed to disclose increasing costs related to key infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [4]. - It is claimed that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [4]. - The lawsuit also states that Fluor's financial guidance for fiscal year 2025 was deemed unreliable and that the effectiveness of its risk mitigation strategies was overstated [4]. Financial Performance - On August 1, 2025, Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, which represented a 5.9% year-over-year decline and missed estimates by $570 million [5]. - Following the disappointing financial results, Fluor's stock price fell by more than 27% [5]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluor securities during the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6].