Thrivent Financial for Lutherans Sells 14,375 Shares of Fluor Co. (NYSE:FLR)

Thrivent Financial for Lutherans lowered its holdings in shares of Fluor Co. (NYSE:FLR) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,994,986 shares of the construction company’s stock after selling 14,375 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fluor were worth $86,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FLR. Rise Advisors LLC bought a new position in shares of Fluor in the 1st quarter valued at about $28,000. ORG Partners LLC bought a new stake in shares of Fluor in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC boosted its holdings in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after purchasing an additional 285 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Fluor during the 2nd quarter valued at $51,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fluor

In other news, CAO John C. Regan sold 13,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at $2,703,669.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. DA Davidson boosted their price objective on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. UBS Group upped their price target on shares of Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Robert W. Baird raised their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Citigroup upped their target price on Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target for the company in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.00.

Fluor Stock Down 0.5 %

Shares of NYSE FLR opened at $47.19 on Friday. Fluor Co. has a 52-week low of $32.31 and a 52-week high of $51.64. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 1.91 and a beta of 1.91. The stock has a 50 day moving average price of $47.70 and a 200 day moving average price of $43.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77.

Fluor (NYSE:FLR) last issued its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. Sell-side analysts expect that Fluor Co. will post 2.9 earnings per share for the current year.

About Fluor

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.