Artemis Investment Management LLP Purchases 412,312 Shares of Fluor Co. (NYSE:FLR)

Artemis Investment Management LLP grew its position in Fluor Co. (NYSE:FLR - Free Report) by 49.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,252,876 shares of the construction company's stock after buying an additional 412,312 shares during the period. Artemis Investment Management LLP owned approximately 0.73% of Fluor worth $61,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLR. Versant Capital Management Inc raised its holdings in 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 during the last quarter. Quarry LP raised its stake in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after purchasing an additional 942 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. Wilmington Savings Fund Society FSB bought a new stake in Fluor in the 3rd quarter worth about $96,000. Finally, GAMMA Investing LLC raised its position in Fluor by 130.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the construction company's stock worth $99,000 after buying an additional 1,169 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Insider Activity

In related news, insider Thomas P. D'agostino sold 7,681 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 137,974 shares of the company's stock, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of Fluor 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 sale, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Fluor Stock Performance

NYSE FLR traded up $0.77 on Monday, hitting $50.28. 4,693,906 shares of the company traded hands, compared to its average volume of 1,639,715. The business's 50 day moving average price is $52.13 and its 200-day moving average price is $50.04. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. 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 $8.62 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 3.39 and a beta of 1.91.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FLR. DA Davidson lifted 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. Robert W. Baird reaffirmed a "neutral" rating and issued a $58.00 target price (up previously from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. KeyCorp increased their price target on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Baird R W lowered Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Truist Financial lowered their target price on Fluor from $66.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.14.

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.