Truist Financial Corp Acquires 312 Shares of Fluor Co. (NYSE:FLR)

Truist Financial Corp raised its holdings in Fluor Co. (NYSE:FLR) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,713 shares of the construction company’s stock after buying an additional 312 shares during the quarter. Truist Financial Corp’s holdings in Fluor were worth $379,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Fluor in the 1st quarter worth approximately $28,000. ORG Partners LLC bought a new stake in shares of Fluor in the 2nd quarter worth approximately $34,000. GAMMA Investing LLC grew its position in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after buying an additional 930 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the 2nd quarter worth approximately $51,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FLR has been the topic of several research reports. KeyCorp upgraded Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research report on Wednesday, July 17th. Truist Financial lifted their price target on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup lifted their price target on Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. DA Davidson lifted their price target on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Barclays lifted their price target on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Trading Down 1.4 %

Fluor stock opened at $53.86 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $48.26 and its two-hundred day simple moving average is $44.97. Fluor Co. has a 12 month low of $32.31 and a 12 month high of $55.75. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.91.

Fluor (NYSE:FLR) last released its earnings results on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.68 by $0.17. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In other news, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares of the company’s stock, valued at $2,676,885.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 over the last quarter. 1.70% of the stock is currently owned by insiders.

About Fluor

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.