Sanctuary Advisors LLC Invests $202,000 in Fluor Co. (NYSE:FLR)

Sanctuary Advisors LLC acquired a new stake in Fluor Co. (NYSE:FLR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,923 shares of the construction company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in Fluor in the second quarter valued at $34,000. GAMMA Investing LLC grew its stake in 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 during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Fluor during the second quarter worth about $51,000. Finally, Quest Partners LLC purchased a new stake in shares of Fluor in the second quarter valued at about $52,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE FLR opened at $55.00 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $9.42 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.18 and a beta of 1.91. The business’s 50-day moving average price is $48.39 and its 200 day moving average price is $45.09. Fluor Co. has a twelve month low of $32.31 and a twelve month high of $55.75.

Fluor (NYSE:FLR) last released 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 business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Fluor Co. will post 2.88 earnings per share for the current year.

Insider Transactions at Fluor

In related news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Joseph L. Brennan sold 11,619 shares of the 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 completion of the sale, the chief financial officer now owns 41,908 shares of the company’s stock, valued at $2,107,972.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares in the company, valued at $2,751,163.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock worth $2,156,604 in the last ninety days. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FLR shares. Truist Financial raised their price objective on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup boosted their price target on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Barclays increased their price objective on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Robert W. Baird boosted their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, DA Davidson raised their price target on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

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.