200,000 Shares in Fluor Co. (NYSE:FLR) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the construction company's stock, valued at approximately $9,542,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.12% of Fluor as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Qsemble Capital Management LP purchased a new stake in shares of Fluor in the third quarter valued at approximately $525,000. Truvestments Capital LLC raised its stake in Fluor by 9.0% in the third quarter. Truvestments Capital LLC now owns 18,757 shares of the construction company's stock valued at $895,000 after buying an additional 1,556 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Fluor during the third quarter valued at $96,000. Dynamic Technology Lab Private Ltd raised its holdings in shares of Fluor by 67.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company's stock worth $2,345,000 after purchasing an additional 19,836 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Fluor during the 3rd quarter worth approximately $39,289,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Trading Up 1.6 %

Shares of NYSE FLR traded up $0.88 during midday trading on Friday, reaching $56.13. 1,142,599 shares of the stock were exchanged, compared to its average volume of 1,713,042. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. The stock has a 50 day moving average price of $51.96 and a 200-day moving average price of $47.80. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $9.63 billion, a P/E ratio of 37.42, a P/E/G ratio of 4.32 and a beta of 1.90.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.74 billion. During the same period last year, the business posted $1.02 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FLR shares. KeyCorp increased their target price on Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Citigroup raised Fluor from a "neutral" rating to a "buy" rating and increased their price target for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. UBS Group increased their price target 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 lifted their target price on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird upped their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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 on Monday, November 25th. The stock was 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 of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. The trade was a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,261 shares of company stock worth $4,360,074 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

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.