Fluor Co. (NYSE:FLR) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC raised its stake in Fluor Co. (NYSE:FLR) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,757 shares of the construction company’s stock after purchasing an additional 1,556 shares during the period. Truvestments Capital LLC’s holdings in Fluor were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hood River Capital Management LLC acquired a new stake in Fluor in the second quarter valued at approximately $47,559,000. Westfield Capital Management Co. LP acquired a new position in shares of Fluor during the third quarter worth $39,289,000. Rubric Capital Management LP increased its holdings in Fluor by 23.6% in the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after buying an additional 614,521 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Fluor by 27.9% in 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 buying an additional 457,220 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Fluor by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after buying an additional 323,111 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR opened at $55.96 on Monday. The company’s 50 day simple moving average is $51.05 and its 200-day simple moving average is $47.33. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10. The firm has a market cap of $9.60 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 4.36 and a beta of 1.90. 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 issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) 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 business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same period in the previous year, the business posted $1.02 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts predict that Fluor Co. will post 2.62 EPS for the current year.

Insider Activity at Fluor

In other Fluor news, 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 value of $729,485.95. Following the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 31,261 shares of company stock worth $1,528,574 in the last quarter. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FLR shares. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Robert W. Baird raised their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. KeyCorp boosted their price objective on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. UBS Group increased their target price on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, 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 research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and an average price target of $60.29.

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.