Fluor Co. (NYSE:FLR) Stock Holdings Lifted by Versant Capital Management Inc

Versant Capital Management Inc raised its position in shares of Fluor Co. (NYSE:FLR) by 2,509.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548 shares of the construction company’s stock after purchasing an additional 527 shares during the period. Versant Capital Management Inc’s holdings in Fluor were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake 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 worth $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Fluor during the second quarter valued at about $51,000. Quest Partners LLC acquired a new stake in shares of Fluor in the second quarter worth about $52,000. Quarry LP increased its holdings in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after acquiring an additional 942 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Fluor in the 3rd quarter valued at approximately $96,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FLR. Truist Financial increased their price target on Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Robert W. Baird restated a “neutral” rating and set a $58.00 price target (up from $54.00) on shares of Fluor in a report on Wednesday, December 18th. DA Davidson boosted their price objective on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group raised their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.86.

Fluor Stock Performance

NYSE:FLR opened at $50.59 on Wednesday. The firm has a 50-day moving average price of $52.97 and a 200 day moving average price of $49.74. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10. The firm has a market capitalization of $8.68 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 4.27 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

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

Insiders Place Their Bets

In related news, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the firm’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 transaction, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. 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.