SG Americas Securities LLC Sells 77,020 Shares of Fluor Corporation $FLR

SG Americas Securities LLC trimmed its stake in shares of Fluor Corporation (NYSE:FLR) by 62.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,707 shares of the construction company’s stock after selling 77,020 shares during the period. SG Americas Securities LLC’s holdings in Fluor were worth $1,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Fluor by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,591 shares of the construction company’s stock worth $151,000 after buying an additional 223 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after acquiring an additional 248 shares in the last quarter. Brighton Jones LLC lifted its stake in Fluor by 3.1% in the third quarter. Brighton Jones LLC now owns 9,060 shares of the construction company’s stock valued at $381,000 after buying an additional 273 shares in the last quarter. Clearstead Advisors LLC lifted its position in Fluor by 20.9% in the 3rd quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock valued at $67,000 after acquiring an additional 276 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Fluor by 5.7% in the third quarter. Truist Financial Corp now owns 5,361 shares of the construction company’s stock valued at $226,000 after purchasing an additional 288 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Performance

Shares of Fluor stock opened at $47.05 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. The company has a market cap of $6.73 billion, a PE ratio of -60.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. The company has a 50 day moving average of $47.30 and a 200-day moving average of $45.16. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 earnings per share (EPS) 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 firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the business earned $0.48 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the topic of a number of research reports. Truist Financial boosted their price objective on shares of Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Zacks Research raised Fluor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. DA Davidson lifted 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. Weiss Ratings lowered Fluor from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Finally, Citigroup raised their target price on shares of Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

Insider Buying and Selling at Fluor

In related news, insider Anthony Morgan sold 3,387 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $53.09, for a total value of $179,815.83. Following the completion of the transaction, the insider owned 45,999 shares of the company’s stock, valued at $2,442,086.91. This represents a 6.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael E. Alexander sold 3,387 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the transaction, the insider owned 68,664 shares of the company’s stock, valued at $3,643,998.48. The trade was a 4.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,110 shares of company stock worth $1,168,920 over the last 90 days. 1.70% of the stock is owned by corporate 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.