Truist Financial Corp Sells 927 Shares of Fluor Co. (NYSE:FLR)

Truist Financial Corp decreased its holdings in shares of Fluor Co. (NYSE:FLR) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,141 shares of the construction company’s stock after selling 927 shares during the period. Truist Financial Corp’s holdings in Fluor were worth $451,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares during the period. Golden State Wealth Management LLC purchased a new stake in Fluor during the fourth quarter valued at about $33,000. Quarry LP raised its position in Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Fluor during the third quarter valued at about $96,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Fluor during the third quarter valued at about $96,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FLR shares. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Truist Financial decreased their price objective on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Barclays set a $40.00 price objective on Fluor and gave the stock an “equal weight” rating in a report on Thursday. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird decreased their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Stock Performance

Fluor stock opened at $36.87 on Tuesday. The stock’s 50 day simple moving average is $46.96 and its two-hundred day simple moving average is $49.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 3.02, a PEG ratio of 1.36 and a beta of 1.89. Fluor Co. has a fifty-two week low of $36.00 and a fifty-two week high of $60.10.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. As a group, analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Fluor 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.