Fluor Co. (NYSE:FLR) Shares Purchased by Truvestments Capital LLC

Truvestments Capital LLC increased its holdings in Fluor Co. (NYSE:FLR) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,757 shares of the construction company’s stock after purchasing an additional 1,556 shares during the quarter. Truvestments Capital LLC’s holdings in Fluor were worth $895,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Fluor by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 103,721 shares of the construction company’s stock worth $4,386,000 after buying an additional 5,224 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Fluor by 15.0% during the first quarter. Public Employees Retirement System of Ohio now owns 26,285 shares of the construction company’s stock valued at $1,111,000 after purchasing an additional 3,426 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Fluor by 20.3% in the first quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company’s stock valued at $3,311,000 after purchasing an additional 13,203 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Fluor by 7.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 913,786 shares of the construction company’s stock worth $38,635,000 after purchasing an additional 65,275 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Fluor by 11.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,727 shares of the construction company’s stock worth $242,000 after purchasing an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the transaction, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at $2,107,972.40. The trade was a 21.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 31,261 shares of company stock worth $1,528,574 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of several research reports. Truist Financial boosted their price objective on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. KeyCorp boosted their price target on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Robert W. Baird boosted their price target on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, DA Davidson upped their price target on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.29.

Fluor Price Performance

FLR stock opened at $55.96 on Monday. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. The business has a fifty day moving average of $51.05 and a two-hundred day moving average of $47.33. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 4.36 and a beta of 1.90. 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 released its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (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 analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share. As a group, research analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current year.

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.