24,336 Shares in Fluor Co. (NYSE:FLR) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. purchased a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,336 shares of the construction company's stock, valued at approximately $1,161,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hood River Capital Management LLC bought a new position in Fluor in the second quarter valued at $47,559,000. Westfield Capital Management Co. LP bought a new position in shares of Fluor during the 3rd quarter valued at about $39,289,000. Rubric Capital Management LP raised its holdings in shares of Fluor by 23.6% during the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company's stock valued at $139,992,000 after buying an additional 614,521 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after buying an additional 457,220 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Fluor by 14.5% in 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. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on FLR. Truist Financial lifted their price target on shares of Fluor from $61.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. KeyCorp raised their price objective on Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. DA Davidson boosted their target price on Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, UBS Group lifted their price target on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.29.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. This 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 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 transaction, the insider now owns 147,045 shares of the company's stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,942 shares of company stock valued at $4,793,206. 1.70% of the stock is currently owned by corporate insiders.

Fluor Trading Down 0.3 %

Shares of FLR traded down $0.18 during mid-day trading on Friday, hitting $55.79. 1,419,380 shares of the company's stock traded hands, compared to its average volume of 2,994,355. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.57 billion, a P/E ratio of 37.19, a PEG ratio of 4.38 and a beta of 1.89. The business's 50-day moving average price is $52.83 and its 200-day moving average price is $48.44. 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 issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. As a group, sell-side analysts forecast that Fluor Co. will post 2.62 EPS for the current fiscal year.

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.