1,193 Shares in Fluor Co. (NYSE:FLR) Bought by Quest Partners LLC

Quest Partners LLC purchased a new stake in Fluor Co. (NYSE:FLR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,193 shares of the construction company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teacher Retirement System of Texas grew its stake in shares of Fluor by 16.8% during the fourth quarter. Teacher Retirement System of Texas now owns 24,577 shares of the construction company’s stock worth $963,000 after purchasing an additional 3,531 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Fluor by 28.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,721 shares of the construction company’s stock valued at $655,000 after acquiring an additional 3,743 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Fluor by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 83,444 shares of the construction company’s stock worth $3,269,000 after acquiring an additional 1,357 shares in the last quarter. Securian Asset Management Inc. lifted its stake in Fluor by 18.4% during the fourth quarter. Securian Asset Management Inc. now owns 14,378 shares of the construction company’s stock worth $563,000 after purchasing an additional 2,235 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in Fluor by 4.2% in the fourth quarter. Independent Advisor Alliance now owns 12,289 shares of the construction company’s stock valued at $481,000 after purchasing an additional 500 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Down 0.6 %

FLR opened at $45.93 on Thursday. The business has a 50 day moving average price of $47.67 and a two-hundred day moving average price of $43.54. Fluor Co. has a 52 week low of $32.31 and a 52 week high of $51.64. The company has a market cap of $7.86 billion, a PE ratio of 26.70, a P/E/G ratio of 1.91 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, research analysts anticipate that Fluor Co. will post 2.9 EPS for the current year.

Insider Transactions at Fluor

In other Fluor news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the sale, the chief accounting officer now owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FLR shares. Barclays boosted their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Citigroup boosted their price target on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird raised 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. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a report on Wednesday, July 17th. Finally, DA Davidson raised their price target on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

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.