224,842 Shares in Fluor Corporation $FLR Acquired by Aristides Capital LLC

Aristides Capital LLC purchased a new position in Fluor Corporation (NYSE:FLR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 224,842 shares of the construction company’s stock, valued at approximately $9,459,000. Fluor comprises 1.4% of Aristides Capital LLC’s investment portfolio, making the stock its 7th largest position. Aristides Capital LLC owned about 0.14% of Fluor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MTM Investment Management LLC bought a new stake in Fluor during the 2nd quarter worth about $26,000. CoreCap Advisors LLC lifted its stake in Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares in the last quarter. Banque Transatlantique SA boosted its stake in shares of Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after buying an additional 625 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Fluor in the first quarter valued at $54,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Fluor in the third quarter valued at $55,000. Institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark E. Fields sold 5,178 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $52.36, for a total transaction of $271,120.08. Following the completion of the transaction, the insider directly owned 194,514 shares in the company, valued at $10,184,753.04. The trade was a 2.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin B. Hammonds sold 2,988 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $52.61, for a total value of $157,198.68. Following the completion of the sale, the insider directly owned 16,273 shares in the company, valued at approximately $856,122.53. The trade was a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,110 shares of company stock worth $1,168,920 in the last three months. Insiders own 1.70% of the company’s stock.

Fluor Stock Down 2.6%

Shares of NYSE FLR opened at $43.42 on Friday. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The stock has a market capitalization of $6.36 billion, a P/E ratio of -55.67, a P/E/G 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. The company has a 50-day moving average price of $46.70 and a 200-day moving average price of $44.58.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $4.27 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FLR shares. Truist Financial upped their price target on shares of Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Robert W. Baird raised their price objective on shares of Fluor from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Citigroup lifted their target price on shares of Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Zacks Research upgraded shares of Fluor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, UBS Group reiterated a “buy” rating and set a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.33.

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.