Atom Investors LP Invests $3.75 Million in Fluor Co. (NYSE:FLR)

Atom Investors LP acquired a new position in Fluor Co. (NYSE:FLR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 78,524 shares of the construction company's stock, valued at approximately $3,746,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rubric Capital Management LP grew its position in Fluor by 23.6% in the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company's stock worth $139,992,000 after purchasing an additional 614,521 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Fluor by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company's stock worth $110,930,000 after buying an additional 323,111 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock valued at $100,092,000 after acquiring an additional 457,220 shares during the period. Thrivent Financial for Lutherans raised its holdings in Fluor by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company's stock valued at $95,648,000 after acquiring an additional 9,789 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new stake in shares of Fluor in the 2nd quarter worth approximately $47,559,000. Institutional investors own 88.07% of the company's stock.

Insider Buying and Selling at Fluor

In related news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The stock was 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 directly owns 53,527 shares in the company, valued at $2,676,885.27. This trade 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 can be accessed through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 81,261 shares of company stock worth $4,360,074. 1.70% of the stock is currently owned by corporate insiders.

Fluor Price Performance

NYSE:FLR traded down $1.02 on Monday, reaching $55.11. The stock had a trading volume of 1,236,537 shares, compared to its average volume of 1,710,988. The company has a market capitalization of $9.45 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 4.39 and a beta of 1.90. The stock has a fifty day moving average price of $51.96 and a 200-day moving average price of $47.93. 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 1-year low of $35.04 and a 1-year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly 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). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 earnings per share. Research analysts forecast that Fluor Co. will post 2.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FLR. KeyCorp boosted their price objective on Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial increased their price target on shares of Fluor from $61.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, DA Davidson raised their price target on shares of Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Fluor has an average rating of "Moderate Buy" and a consensus price target of $60.29.

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.