Virtu Financial LLC Makes New Investment in Fluor Co. (NYSE:FLR)

Virtu Financial LLC purchased a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,531 shares of the construction company's stock, valued at approximately $598,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Fluor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock worth $190,953,000 after buying an additional 51,018 shares during the period. Rubric Capital Management LP raised its stake in Fluor by 23.6% during the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company's stock valued at $139,992,000 after purchasing an additional 614,521 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fluor by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company's stock valued at $110,930,000 after purchasing an additional 323,111 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after purchasing an additional 457,220 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Fluor by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company's stock valued at $95,648,000 after buying an additional 9,789 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the company's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. This represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas P. D'agostino sold 7,681 shares of Fluor stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following 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. Insiders sold a total of 88,942 shares of company stock valued at $4,793,206 over the last three months. Company insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

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

Fluor Price Performance

NYSE:FLR traded down $0.78 on Friday, reaching $54.64. The stock had a trading volume of 1,631,496 shares, compared to its average volume of 1,714,629. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $9.37 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 4.36 and a beta of 1.89. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The stock has a fifty day moving average price of $53.54 and a 200-day moving average price of $48.93.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. The company's revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that Fluor Co. will post 2.62 EPS for the current year.

Fluor Company 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.