Fluor Co. (NYSE:FLR) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC increased its holdings in Fluor Co. (NYSE:FLR) by 779.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,233 shares of the construction company’s stock after purchasing an additional 1,979 shares during the quarter. Global Retirement Partners LLC’s holdings in Fluor were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FLR. Geode Capital Management LLC raised its stake in shares of Fluor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after buying an additional 51,018 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Fluor by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after acquiring an additional 9,789 shares during the period. Artemis Investment Management LLP raised its position in Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares during the period. Finally, Hennessy Advisors Inc. grew its position in shares of Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock valued at $51,322,000 after purchasing an additional 120,800 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Fluor

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Fluor Trading Down 1.0 %

Shares of FLR opened at $37.32 on Friday. Fluor Co. has a 12-month low of $35.79 and a 12-month high of $60.10. The firm has a market capitalization of $6.30 billion, a P/E ratio of 3.06, a P/E/G ratio of 1.36 and a beta of 1.89. The firm has a 50-day moving average price of $47.47 and a 200 day moving average price of $49.72. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Sell-side analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

FLR has been the subject of several research analyst reports. Truist Financial reduced their price target on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. DA Davidson decreased their target price on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, Barclays set a $40.00 price objective on Fluor and gave the company an “equal weight” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

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.