Fluor Co. (NYSE:FLR) Holdings Decreased by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in Fluor Co. (NYSE:FLR) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 23,512 shares of the construction company’s stock after selling 1,100 shares during the period. Stifel Financial Corp’s holdings in Fluor were worth $1,122,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FLR. Hood River Capital Management LLC purchased a new stake in Fluor in the 2nd quarter worth approximately $47,559,000. Westfield Capital Management Co. LP acquired a new position in shares of Fluor in the third quarter worth $39,289,000. Rubric Capital Management LP raised its holdings in shares of Fluor by 23.6% during the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock worth $139,992,000 after acquiring an additional 614,521 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after purchasing an additional 457,220 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew 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 purchasing an additional 323,111 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fluor

In related news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,312 shares of company stock valued at $4,049,707 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FLR shares. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Robert W. Baird reiterated a “neutral” rating and issued a $58.00 target price (up from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Truist Financial boosted their target price on shares of Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group raised their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.86.

Fluor Price Performance

NYSE FLR opened at $50.34 on Monday. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a fifty day simple moving average of $53.66 and a 200 day simple moving average of $49.24. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.63 billion, a P/E ratio of 33.56, a P/E/G ratio of 4.36 and a beta of 1.89.

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