Fluor Co. (NYSE:FLR) Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of Fluor Co. (NYSE:FLR) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,544 shares of the construction company’s stock after buying an additional 456 shares during the quarter. KBC Group NV’s holdings in Fluor were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hood River Capital Management LLC purchased a new stake in Fluor during the 2nd quarter worth $47,559,000. Rubric Capital Management LP boosted its stake in Fluor by 23.6% in the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after acquiring an additional 614,521 shares during the period. Dimensional Fund Advisors LP lifted its stake in Fluor by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after buying an additional 323,111 shares during the last quarter. Great Lakes Advisors LLC increased its position in Fluor by 2,441.9% in the 2nd quarter. Great Lakes Advisors LLC now owns 282,655 shares of the construction company’s stock valued at $12,310,000 after acquiring an additional 271,535 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock valued at $41,077,000 after buying an additional 254,904 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the sale, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. This represents a 21.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 31,261 shares of company stock valued at $1,528,574 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial boosted their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird upped their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group lifted their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson boosted their price objective on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.29.

Fluor Stock Down 0.3 %

Shares of FLR stock opened at $52.53 on Thursday. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 4.06 and a beta of 1.90. The firm has a fifty day moving average of $50.65 and a 200-day moving average of $47.04. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 EPS. As a group, equities research analysts predict that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Fluor Profile

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.