Golden State Wealth Management LLC Buys Shares of 670 Fluor Co. (NYSE:FLR)

Golden State Wealth Management LLC acquired a new position in Fluor Co. (NYSE:FLR) in the 4th quarter, Holdings Channel.com reports. The firm acquired 670 shares of the construction company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after acquiring an additional 527 shares during the period. Quarry LP grew its holdings in 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 buying an additional 942 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Fluor during the third quarter worth $96,000. Harvest Fund Management Co. Ltd purchased a new position in Fluor during the third quarter valued at $96,000. Finally, GAMMA Investing LLC lifted its stake 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FLR. DA Davidson raised their target price on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Truist Financial lowered their target price on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. UBS Group upped their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $58.00 price target (up from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Fluor presently has an average rating of “Moderate Buy” and an average target price of $59.29.

Fluor Trading Down 4.6 %

FLR opened at $47.83 on Wednesday. The business’s 50-day simple moving average is $50.85 and its 200-day simple moving average is $50.36. Fluor Co. has a one year low of $35.04 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $8.20 billion, a P/E ratio of 31.89, a PEG ratio of 3.45 and a beta of 1.89.

Insider Buying and Selling at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the 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 sale, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

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.