Hudson Valley Investment Advisors Inc. ADV Sells 11,092 Shares of Fluor Co. (NYSE:FLR)

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in shares of Fluor Co. (NYSE:FLR) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,380 shares of the construction company’s stock after selling 11,092 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV owned about 0.09% of Fluor worth $7,910,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after acquiring an additional 527 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Fluor in the 2nd quarter worth about $51,000. Quest Partners LLC purchased a new stake in shares of Fluor in the 2nd quarter valued at about $52,000. Quarry LP boosted its position in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after acquiring an additional 942 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Fluor in the third quarter valued at approximately $96,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. The trade was a 5.27 % 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 Mark E. Fields sold 50,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FLR shares. DA Davidson boosted their price target on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. KeyCorp upped their target price on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial lifted their price target on Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $58.00 price objective (up from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average price target of $60.29.

Fluor Trading Down 2.5 %

NYSE FLR opened at $49.27 on Friday. The firm has a market cap of $8.45 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 4.27 and a beta of 1.91. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The stock has a 50-day moving average of $52.83 and a 200-day moving average of $49.73. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR) last announced its quarterly earnings data 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 net margin of 1.64% and a return on equity of 20.05%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast 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.