Cwm LLC Boosts Holdings in Fluor Co. (NYSE:FLR)

Cwm LLC boosted its position in Fluor Co. (NYSE:FLR) by 34.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,414 shares of the construction company’s stock after buying an additional 1,400 shares during the period. Cwm LLC’s holdings in Fluor were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. lifted its holdings in Fluor by 18.0% in the first quarter. Hennessy Advisors Inc. now owns 810,700 shares of the construction company’s stock valued at $34,276,000 after acquiring an additional 123,500 shares during the period. Diversified Trust Co acquired a new stake in Fluor in the first quarter valued at $1,368,000. Janus Henderson Group PLC lifted its holdings in Fluor by 20.3% in the first quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company’s stock valued at $3,311,000 after acquiring an additional 13,203 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Fluor by 230.5% in the second quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company’s stock valued at $2,587,000 after acquiring an additional 41,428 shares during the period. Finally, Swiss National Bank raised its stake in shares of Fluor by 19.1% during the 1st quarter. Swiss National Bank now owns 336,400 shares of the construction company’s stock worth $14,223,000 after buying an additional 53,900 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Trading Down 0.4 %

Fluor stock opened at $53.67 on Wednesday. The stock has a market cap of $9.19 billion, a PE ratio of 31.20, a P/E/G ratio of 2.18 and a beta of 1.91. The stock has a 50-day moving average price of $48.50 and a 200 day moving average price of $45.20. Fluor Co. has a 52 week low of $32.31 and a 52 week high of $55.86. 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 results on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.68 by $0.17. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Equities research analysts predict that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares in the company, valued at $2,751,163.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the completion of the sale, the chief accounting officer now owns 55,965 shares in the company, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph L. Brennan sold 15,335 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the sale, the chief financial officer now owns 57,834 shares of the company’s stock, valued at $2,751,163.38. The trade was 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 in the last 90 days. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FLR. DA Davidson lifted 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. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $65.00 in a research note on Tuesday. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target for the company in a research note on Wednesday, July 17th. Robert W. Baird lifted their price objective on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, UBS Group lifted their price objective on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.57.

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.