Fluor Co. (NYSE:FLR) Shares Sold by Fmr LLC

Fmr LLC decreased its holdings in Fluor Co. (NYSE:FLR) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,776,145 shares of the construction company’s stock after selling 728,707 shares during the quarter. Fmr LLC owned 0.08% of Fluor worth $657,260,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FLR. ORG Partners LLC acquired a new stake in shares of Fluor during the second quarter valued at approximately $34,000. GAMMA Investing LLC raised its stake in Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fluor in the second quarter worth $51,000. Finally, Quest Partners LLC purchased a new position in shares of Fluor during the second quarter valued at $52,000. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FLR. UBS Group raised their price objective on Fluor from $51.00 to $63.00 and gave the stock 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 company a “buy” rating in a research report on Tuesday, November 12th. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, KeyCorp increased their price objective on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.29.

Insider Buying and Selling

In other Fluor news, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares in the company, 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 at the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 81,261 shares of company stock valued at $4,360,074. Company insiders own 1.70% of the company’s stock.

Fluor Price Performance

NYSE FLR opened at $55.25 on Friday. The firm has a market cap of $9.48 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 4.38 and a beta of 1.90. The stock’s 50-day moving average is $51.62 and its two-hundred day moving average is $47.63. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week 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.

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

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.