Ameritas Investment Partners Inc. Has $2.33 Million Position in Fluor Co. (NYSE:FLR)

Ameritas Investment Partners Inc. grew its holdings in Fluor Co. (NYSE:FLR) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,572 shares of the construction company’s stock after purchasing an additional 1,507 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Fluor were worth $2,333,000 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. Rise Advisors LLC bought a new stake in Fluor in the first quarter worth approximately $28,000. ORG Partners LLC acquired a new stake in shares of Fluor during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC increased its stake in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after acquiring an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after acquiring an additional 930 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Fluor during the second quarter worth $51,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the subject of several research analyst reports. KeyCorp raised shares of 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. UBS Group upped their price target on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. DA Davidson raised their price objective on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Truist Financial boosted their price objective on Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Robert W. Baird increased their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Fluor Trading Down 0.5 %

Shares of Fluor stock opened at $47.19 on Friday. The company has a market capitalization of $8.08 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.91 and a beta of 1.91. The stock has a fifty day simple moving average of $47.70 and a 200 day simple moving average of $43.70. Fluor Co. has a 12-month low of $32.31 and a 12-month high of $51.64. 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 earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Fluor Co. will post 2.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO John C. Regan sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 55,965 shares of the company’s stock, valued at $2,703,669.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

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.