GAMMA Investing LLC Has $112,000 Stake in Fluor Co. (NYSE:FLR)

GAMMA Investing LLC increased its position in shares of Fluor Co. (NYSE:FLR) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,281 shares of the construction company’s stock after buying an additional 213 shares during the period. GAMMA Investing LLC’s holdings in Fluor were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FLR. Hood River Capital Management LLC acquired a new position in shares of Fluor in the second quarter valued at $47,559,000. Westfield Capital Management Co. LP acquired a new position in shares of Fluor in the third quarter valued at about $39,289,000. Rubric Capital Management LP grew its stake in shares of Fluor by 23.6% in the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after acquiring an additional 614,521 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fluor by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after acquiring an additional 323,111 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction 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 completion of 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 insiders.

Fluor Stock Down 2.1 %

FLR stock opened at $48.27 on Friday. The stock has a market capitalization of $8.28 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 4.27 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The firm has a 50-day moving average price of $52.83 and a 200-day moving average price of $49.73.

Fluor (NYSE:FLR) last posted 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 company had revenue of $4.09 billion during 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%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.02 EPS. As a group, equities research analysts anticipate that Fluor Co. will post 2.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on FLR. DA Davidson upped their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Robert W. Baird reaffirmed 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. KeyCorp upped their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, UBS Group upped their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and an average target price of $60.29.

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.