Fluor Co. (NYSE:FLR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 764,312 shares of the construction company's stock after selling 75,175 shares during the period. Bank of Montreal Can owned about 0.45% of Fluor worth $36,603,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. ORG Partners LLC bought a new position in shares of Fluor during the second quarter worth about $34,000. GAMMA Investing LLC lifted its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after purchasing an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock worth $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Fluor during the second quarter worth about $51,000. Finally, Quest Partners LLC bought a new position in shares of Fluor during the second quarter worth about $52,000. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of NYSE:FLR traded up $0.88 during trading hours on Friday, hitting $56.13. The stock had a trading volume of 1,142,587 shares, compared to its average volume of 1,713,042. The stock's fifty day simple moving average is $51.78 and its 200 day simple moving average is $47.68. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 4.32 and a beta of 1.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FLR shares. DA Davidson raised 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. KeyCorp raised 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. Robert W. Baird raised their target price on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and raised their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, UBS Group raised 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.29.

Insider Activity at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 21.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of Fluor 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 completion of the transaction, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. 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 quarter. 1.70% of the stock is currently owned by company insiders.

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.