Versant Capital Management Inc Acquires 527 Shares of Fluor Co. (NYSE:FLR)

Versant Capital Management Inc lifted its position in shares of Fluor Co. (NYSE:FLR) by 2,509.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 548 shares of the construction company’s stock after purchasing an additional 527 shares during the period. Versant Capital Management Inc’s holdings in Fluor were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted 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 valued at $41,000 after acquiring an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Fluor in the second quarter worth approximately $51,000. Quest Partners LLC acquired a new position in Fluor in the second quarter valued at approximately $52,000. Quarry LP boosted its holdings in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after buying an additional 942 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Fluor during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FLR shares. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. UBS Group boosted their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. KeyCorp boosted their price objective on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, DA Davidson lifted their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.86.

Fluor Stock Down 2.1 %

FLR stock opened at $50.59 on Wednesday. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The firm has a market capitalization of $8.68 billion, a PE ratio of 33.73, a PEG ratio of 4.27 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock has a 50-day simple moving average of $52.97 and a two-hundred day simple moving average of $49.74.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The firm had revenue of $4.09 billion during 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 for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. On average, equities analysts predict that Fluor Co. will post 2.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction 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 transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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.