Hurley Capital LLC Acquires Shares of 820 Fluor Corporation (NYSE:FLR)

Hurley Capital LLC acquired a new stake in shares of Fluor Corporation (NYSE:FLR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 820 shares of the construction company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Fluor by 222.9% in the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after buying an additional 760 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Fluor by 121.5% in the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after buying an additional 666 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Fluor by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock worth $49,000 after buying an additional 701 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Fluor by 77.8% during the first quarter. Parallel Advisors LLC now owns 2,813 shares of the construction company’s stock valued at $101,000 after purchasing an additional 1,231 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on Fluor from $47.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Citigroup restated a “buy” rating and set a $71.00 price target (up previously from $47.00) on shares of Fluor in a research report on Monday. KeyCorp downgraded Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a research report on Tuesday, July 15th. UBS Group restated a “buy” rating and set a $60.00 price target (up previously from $48.00) on shares of Fluor in a research report on Tuesday, June 24th. Finally, Wall Street Zen cut Fluor from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Fluor has a consensus rating of “Hold” and an average price target of $54.43.

Insider Activity at Fluor

In other Fluor news, Chairman David E. Constable sold 38,600 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total value of $2,011,446.00. Following the completion of the transaction, the chairman owned 792,027 shares of the company’s stock, valued at approximately $41,272,526.97. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider directly owned 64,383 shares of the company’s stock, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,320 shares of company stock valued at $4,870,182. 1.70% of the stock is owned by insiders.

Fluor Trading Down 0.3%

Shares of FLR stock opened at $56.05 on Wednesday. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74. The stock’s 50 day simple moving average is $49.16 and its two-hundred day simple moving average is $42.86. The company has a market cap of $9.23 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 2.70 and a beta of 1.34.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. Research analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

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.