Susquehanna Fundamental Investments LLC Acquires New Shares in Fluor Co. (NYSE:FLR)

Susquehanna Fundamental Investments LLC bought a new position in Fluor Co. (NYSE:FLR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 179,893 shares of the construction company’s stock, valued at approximately $7,834,000. Susquehanna Fundamental Investments LLC owned 0.11% of Fluor at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Fluor during the first quarter worth about $28,000. ORG Partners LLC acquired a new position in Fluor during the 2nd quarter valued at about $34,000. GAMMA Investing LLC grew its position in 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 last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Fluor by 6,642.9% in the second 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 period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor during the second quarter valued at approximately $51,000. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fluor

In other news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO John C. Regan sold 13,000 shares of the stock in a transaction 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 owns 55,965 shares in the company, valued at approximately $2,703,669.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. The disclosure for this sale can be found here. Insiders have sold 28,630 shares of company stock worth $1,371,528 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Fluor Stock Up 1.2 %

NYSE:FLR opened at $47.89 on Friday. Fluor Co. has a 1-year low of $32.31 and a 1-year high of $51.64. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.02 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $47.51 and its 200 day moving average price is $44.03.

Fluor (NYSE:FLR) last issued its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the topic of several analyst reports. KeyCorp upgraded Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a research report on Wednesday, July 17th. Truist Financial raised their price target on Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays upped their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Robert W. Baird raised their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, UBS Group upped their price target on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

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.