78,524 Shares in Fluor Co. (NYSE:FLR) Purchased by Atom Investors LP

Atom Investors LP acquired a new stake in Fluor Co. (NYSE:FLR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 78,524 shares of the construction company’s stock, valued at approximately $3,746,000.

A number of other large investors have also modified their holdings of FLR. Paloma Partners Management Co acquired a new position in Fluor during the third quarter worth $645,000. Point72 Hong Kong Ltd boosted its position in shares of Fluor by 366.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 37,399 shares of the construction company’s stock worth $1,784,000 after purchasing an additional 29,378 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Fluor during the 3rd quarter worth $8,165,000. Captrust Financial Advisors increased its holdings in shares of Fluor by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock valued at $891,000 after purchasing an additional 329 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Fluor by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock worth $13,049,000 after buying an additional 7,242 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Trading Up 1.6 %

Shares of FLR opened at $56.13 on Monday. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The stock has a fifty day moving average of $51.96 and a two-hundred day moving average of $47.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $9.63 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 4.39 and a beta of 1.90.

Fluor (NYSE:FLR) last released its 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 business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. As a group, analysts forecast that Fluor Co. will post 2.62 EPS for the current year.

Insider Buying and Selling

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. The trade was a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 dated 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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 81,261 shares of company stock valued at $4,360,074. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FLR. 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 report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Truist Financial boosted their target price on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. KeyCorp raised their price target on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Fluor currently has an average rating of “Moderate Buy” and a consensus 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.