Mitchell Mcleod Pugh & Williams Inc. Decreases Stock Holdings in Fluor Co. (NYSE:FLR)

Mitchell Mcleod Pugh & Williams Inc. reduced its position in shares of Fluor Co. (NYSE:FLR) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,293 shares of the construction company’s stock after selling 800 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Fluor were worth $754,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FLR. Versant Capital Management Inc lifted its holdings in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares during the period. Quarry LP lifted its stake in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after acquiring an additional 942 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Fluor in the third quarter valued at $96,000. Harvest Fund Management Co. Ltd purchased a new position in Fluor during the 3rd quarter valued at $96,000. Finally, GAMMA Investing LLC raised its holdings in Fluor by 130.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the construction company’s stock worth $99,000 after purchasing an additional 1,169 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FLR. Truist Financial reduced their price target on shares of Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. KeyCorp raised their target price on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. UBS Group upped their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson boosted their target price on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Fluor currently has an average rating of “Moderate Buy” and a consensus price target of $60.14.

Fluor Trading Up 1.6 %

Fluor stock opened at $50.28 on Monday. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $52.13 and its two-hundred day simple moving average is $50.04. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 3.39 and a beta of 1.91.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS 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 analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. As a group, equities analysts predict that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Insider Activity at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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.