Dimensional Fund Advisors LP Boosts Holdings in Fluor Co. (NYSE:FLR)

Dimensional Fund Advisors LP lifted its holdings in Fluor Co. (NYSE:FLR) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,547,243 shares of the construction company’s stock after buying an additional 323,111 shares during the period. Dimensional Fund Advisors LP owned approximately 1.49% of Fluor worth $110,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Fluor in the first quarter worth about $28,000. ORG Partners LLC acquired a new stake in Fluor during the second quarter worth about $34,000. GAMMA Investing LLC increased its position in Fluor by 46.4% during the second 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 position in Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Fluor during the second quarter worth about $51,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FLR shares. Barclays raised their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Truist Financial lifted their price target on shares of Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, August 5th. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target for the company in a research report on Wednesday, July 17th. Citigroup lifted their price target on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Robert W. Baird lifted their price target on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Fluor Trading Down 1.1 %

Shares of FLR stock opened at $46.65 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $7.99 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.91. The company has a 50 day moving average price of $47.66 and a 200 day moving average price of $43.82. Fluor Co. has a fifty-two week low of $32.31 and a fifty-two week high of $51.64.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities research analysts predict that Fluor Co. will post 2.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction that occurred on 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 transaction, the chief financial officer now 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 sold 28,630 shares of company stock worth $1,371,528 over the last 90 days. 1.70% of the stock is owned by insiders.

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.