Fluor Co. (NYSE:FLR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Fluor Co. (NYSE:FLR) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,001,622 shares of the construction company’s stock after buying an additional 51,018 shares during the period. Geode Capital Management LLC owned approximately 2.33% of Fluor worth $190,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC boosted its position in Fluor by 139.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after acquiring an additional 9,992 shares during the period. Aequim Alternative Investments LP lifted its holdings in Fluor by 6.0% in the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after purchasing an additional 41,800 shares during the period. AQR Capital Management LLC grew its position in Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock valued at $24,771,000 after buying an additional 222,070 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Fluor by 67.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company’s stock worth $2,345,000 after buying an additional 19,836 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 6.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,942 shares of company stock worth $4,793,206. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on FLR shares. UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price objective on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. KeyCorp boosted their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, DA Davidson raised their price objective on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

Fluor Trading Down 1.4 %

Shares of NYSE FLR opened at $54.64 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 4.36 and a beta of 1.89. The business has a fifty day simple moving average of $53.54 and a 200-day simple moving average of $48.98.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share. Sell-side analysts predict that Fluor Co. will post 2.62 EPS for the current year.

Fluor 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.