Hudson Valley Investment Advisors Inc. ADV Lowers Position in Fluor Co. (NYSE:FLR)

Hudson Valley Investment Advisors Inc. ADV decreased its position in Fluor Co. (NYSE:FLR) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,380 shares of the construction company’s stock after selling 11,092 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Fluor were worth $7,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Fluor during the second quarter worth about $51,000. Quest Partners LLC purchased a new stake in Fluor in the second quarter worth about $52,000. Quarry LP lifted its holdings in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Fluor during the third quarter valued at approximately $96,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of NYSE FLR opened at $49.27 on Friday. The firm’s 50-day moving average price is $52.83 and its 200-day moving average price is $49.73. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. The company has a market cap of $8.45 billion, a PE ratio of 32.85, a PEG ratio of 4.27 and a beta of 1.91. 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 (NYSE:FLR) last issued its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.25). The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 EPS. As a group, analysts anticipate that Fluor Co. will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of analyst reports. KeyCorp raised their price objective on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird restated a “neutral” rating and set a $58.00 price target (up from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Truist Financial raised their price objective on shares of Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.29.

Insider Buying and Selling

In other news, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the completion of the sale, the insider now owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About Fluor

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.