13,524 Shares in Fluor Co. (NYSE:FLR) Bought by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,524 shares of the construction company's stock, valued at approximately $645,000.

A number of other institutional investors have also added to or reduced their stakes in FLR. B. Riley Wealth Advisors Inc. lifted its stake in shares of Fluor by 11.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,727 shares of the construction company's stock valued at $242,000 after purchasing an additional 601 shares during the period. Cetera Advisors LLC purchased a new stake in Fluor in the 1st quarter worth $713,000. GAMMA Investing LLC increased its holdings in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after acquiring an additional 285 shares in the last quarter. SG Americas Securities LLC increased its holdings in Fluor by 240.6% in the 2nd quarter. SG Americas Securities LLC now owns 38,479 shares of the construction company's stock worth $1,676,000 after acquiring an additional 27,182 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Fluor by 3.9% in the 2nd quarter. Artemis Investment Management LLP now owns 765,494 shares of the construction company's stock worth $33,337,000 after acquiring an additional 28,484 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Up 2.5 %

Shares of FLR traded up $1.36 during mid-day trading on Wednesday, hitting $56.07. 3,239,988 shares of the company's stock were exchanged, compared to its average volume of 1,719,283. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 4.31 and a beta of 1.89. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The stock's 50-day moving average is $52.30 and its 200-day moving average is $48.17.

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 analysts' expectations of $4.74 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the subject of several recent analyst reports. Truist Financial boosted their price target on shares of Fluor from $61.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and upped their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. KeyCorp upped their target price on shares of 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 shares of Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, DA Davidson upped their target price on shares of Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.29.

Insider Buying and Selling at Fluor

In other news, insider Mark E. Fields sold 50,000 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph L. Brennan sold 15,335 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 81,261 shares of company stock worth $4,360,074 over the last three months. Insiders own 1.70% of the company's stock.

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.