Blair William & Co. IL Acquires 35,462 Shares of Fluor Corporation $FLR

Blair William & Co. IL increased its holdings in Fluor Corporation (NYSE:FLR) by 368.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,097 shares of the construction company’s stock after purchasing an additional 35,462 shares during the period. Blair William & Co. IL’s holdings in Fluor were worth $1,897,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after acquiring an additional 328,122 shares during the last quarter. SG Americas Securities LLC grew its position in Fluor by 472.4% during the 3rd quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock worth $5,163,000 after acquiring an additional 101,288 shares during the last quarter. Pacific Heights Asset Management LLC increased its stake in Fluor by 35.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock worth $13,673,000 after purchasing an additional 85,000 shares during the period. Quadrant Private Wealth Management LLC purchased a new position in Fluor in the 3rd quarter worth approximately $3,475,000. Finally, Intech Investment Management LLC lifted its position in Fluor by 99.9% in the second quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock valued at $15,361,000 after purchasing an additional 149,716 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FLR. DA Davidson raised their target price on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Citigroup increased their price target on shares of Fluor from $57.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Robert W. Baird upped their price objective on shares of Fluor from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, Truist Financial increased their target price on shares of Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.33.

Fluor Trading Down 2.6%

NYSE:FLR opened at $43.42 on Friday. The firm has a market capitalization of $6.36 billion, a P/E ratio of -55.67, a PEG ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50. The company’s 50-day simple moving average is $46.70 and its 200 day simple moving average is $44.58.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $0.48 EPS. Fluor’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Insider Activity at Fluor

In other news, insider Kevin B. Hammonds sold 2,988 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $52.61, for a total transaction of $157,198.68. Following the completion of the transaction, the insider directly owned 16,273 shares in the company, valued at $856,122.53. This trade represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Fields sold 5,178 shares of Fluor stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $52.36, for a total value of $271,120.08. Following the completion of the transaction, the insider directly owned 194,514 shares of the company’s stock, valued at approximately $10,184,753.04. This represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,110 shares of company stock worth $1,168,920 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.