SG Americas Securities LLC Buys 3,855 Shares of Fluor Co. (NYSE:FLR)

SG Americas Securities LLC increased its position in Fluor Co. (NYSE:FLR) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,848 shares of the construction company’s stock after buying an additional 3,855 shares during the quarter. SG Americas Securities LLC’s holdings in Fluor were worth $930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FLR. Nisa Investment Advisors LLC raised its position in Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock valued at $533,000 after purchasing an additional 241 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares in the last quarter. Hennessy Advisors Inc. grew its position in Fluor by 13.1% during the 4th quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock valued at $51,322,000 after purchasing an additional 120,800 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Fluor by 26.9% during the fourth quarter. Park Avenue Securities LLC now owns 13,396 shares of the construction company’s stock valued at $661,000 after buying an additional 2,839 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Fluor by 5.8% in the fourth quarter. Diversified Trust Co now owns 39,090 shares of the construction company’s stock worth $1,928,000 after purchasing an additional 2,150 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of NYSE FLR opened at $46.50 on Wednesday. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company has a market cap of $7.98 billion, a PE ratio of 31.00, a P/E/G ratio of 3.83 and a beta of 1.91. 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 business has a 50-day simple moving average of $52.21 and a two-hundred day simple moving average of $50.36.

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). The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. As a group, equities analysts expect that Fluor Co. will post 2.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FLR shares. Robert W. Baird restated a “neutral” rating and set a $58.00 price objective (up previously from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. DA Davidson increased their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Truist Financial dropped their price objective on shares of Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, KeyCorp raised their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.14.

Insiders Place Their Bets

In related news, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Fluor Company 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.