Fluor Co. (NYSE:FLR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in Fluor Co. (NYSE:FLR) by 12.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,916 shares of the construction company’s stock after selling 5,505 shares during the quarter. Federated Hermes Inc.’s holdings in Fluor were worth $1,695,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FLR. Vanguard Group Inc. grew its stake in shares of Fluor by 0.3% in the first quarter. Vanguard Group Inc. now owns 17,112,278 shares of the construction company’s stock worth $723,507,000 after purchasing an additional 51,322 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Fluor by 7.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 913,786 shares of the construction company’s stock valued at $38,635,000 after buying an additional 65,275 shares in the last quarter. Hennessy Advisors Inc. increased its stake in Fluor by 18.0% during the 1st quarter. Hennessy Advisors Inc. now owns 810,700 shares of the construction company’s stock valued at $34,276,000 after buying an additional 123,500 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Fluor by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock worth $31,108,000 after buying an additional 53,398 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its stake in shares of Fluor by 3.9% in the 2nd quarter. Artemis Investment Management LLP now owns 765,494 shares of the construction company’s stock worth $33,337,000 after acquiring an additional 28,484 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

NYSE FLR opened at $47.23 on Friday. Fluor Co. has a 1 year low of $32.31 and a 1 year high of $51.64. The stock’s 50-day moving average price is $47.71 and its two-hundred day moving average price is $43.58. The company has a market cap of $8.09 billion, a PE ratio of 27.46, a PEG ratio of 1.91 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Fluor Co. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FLR shares. Citigroup boosted their target price on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. DA Davidson boosted their price objective on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Truist Financial raised their target price on Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, August 5th. UBS Group upped their price target on shares of Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays lifted their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.00.

Insider Transactions at Fluor

In related news, CAO John C. Regan sold 13,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now directly owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.