Sanctuary Advisors LLC Buys 897 Shares of Fluor Co. (NYSE:FLR)

Sanctuary Advisors LLC increased its stake in Fluor Co. (NYSE:FLR) by 18.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,820 shares of the construction company’s stock after purchasing an additional 897 shares during the quarter. Sanctuary Advisors LLC’s holdings in Fluor were worth $278,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FLR. Allspring Global Investments Holdings LLC increased its stake in shares of Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Fluor in the 2nd quarter valued at approximately $51,000. Quest Partners LLC bought a new stake in Fluor during the 2nd quarter valued at $52,000. Quarry LP lifted its position in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after acquiring an additional 942 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Fluor in the third quarter worth $96,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

FLR stock opened at $50.06 on Friday. The firm has a 50 day simple moving average of $53.39 and a two-hundred day simple moving average of $49.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $8.59 billion, a PE ratio of 33.37, a P/E/G ratio of 4.36 and a beta of 1.89. Fluor Co. has a one year low of $35.04 and a one year high of $60.10.

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

Insider Activity at Fluor

In related news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. This trade represents a 21.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,312 shares of company stock valued at $4,049,707. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on FLR shares. KeyCorp increased their price objective on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Truist Financial raised their price objective on shares of Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. DA Davidson raised their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average 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.