HighTower Advisors LLC Has $1.62 Million Holdings in Fluor Co. (NYSE:FLR)

HighTower Advisors LLC boosted its stake in Fluor Co. (NYSE:FLR) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,922 shares of the construction company’s stock after purchasing an additional 1,324 shares during the period. HighTower Advisors LLC’s holdings in Fluor were worth $1,618,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FLR. Centiva Capital LP acquired a new stake in shares of Fluor in the third quarter valued at about $426,000. ClearAlpha Technologies LP bought a new stake in Fluor in the third quarter valued at approximately $249,000. Benjamin Edwards Inc. acquired a new stake in Fluor during the 3rd quarter valued at approximately $1,161,000. Atom Investors LP bought a new position in Fluor during the 3rd quarter worth approximately $3,746,000. Finally, Paloma Partners Management Co acquired a new position in shares of Fluor in the 3rd quarter worth approximately $645,000. 88.07% of the stock is owned by institutional investors.

Fluor Stock Performance

Shares of Fluor stock opened at $54.64 on Monday. The business has a 50-day simple moving average of $53.54 and a 200 day simple moving average of $48.98. Fluor Co. has a one year low of $35.04 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 4.36 and a beta of 1.89.

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

Insiders Place Their Bets

In other news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the transaction, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. The trade was a 6.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,942 shares of company stock worth $4,793,206. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FLR. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. UBS Group increased their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. KeyCorp boosted their price objective on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Truist Financial lifted their target price on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, DA Davidson increased their price target on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $60.29.

Fluor Company 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.