Fluor Co. (NYSE:FLR) Stock Position Reduced by Stifel Financial Corp

Stifel Financial Corp trimmed its position in Fluor Co. (NYSE:FLR) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,512 shares of the construction company’s stock after selling 1,100 shares during the quarter. Stifel Financial Corp’s holdings in Fluor were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after purchasing an additional 176 shares during the last quarter. Seelaus Asset Management LLC grew its stake in Fluor by 3.7% during the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after buying an additional 230 shares during the last quarter. ClariVest Asset Management LLC increased its position in Fluor by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after buying an additional 233 shares during the period. Xponance Inc. lifted its stake in Fluor by 1.2% in the second quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after buying an additional 265 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its holdings in shares of Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock valued at $253,000 after acquiring an additional 283 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the transaction, the chief financial officer now owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. This trade represents a 6.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,312 shares of company stock worth $4,049,707. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of NYSE FLR opened at $50.34 on Monday. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. 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 stock has a fifty day moving average price of $53.66 and a two-hundred day moving average price of $49.24. The firm has a market cap of $8.63 billion, a P/E ratio of 33.56, a PEG ratio of 4.36 and a beta of 1.89.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the firm earned $1.02 earnings per share. Fluor’s revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Fluor Co. will post 2.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday. KeyCorp raised their price target on shares of Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group boosted their price objective on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird reissued a “neutral” rating and issued a $58.00 price objective (up from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Finally, Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.86.

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.