Charles Schwab Investment Management Inc. Purchases 457,220 Shares of Fluor Co. (NYSE:FLR)

Charles Schwab Investment Management Inc. lifted its stake in Fluor Co. (NYSE:FLR - Free Report) by 27.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,097,931 shares of the construction company's stock after buying an additional 457,220 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of Fluor worth $100,092,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Fluor in the second quarter valued at about $34,000. GAMMA Investing LLC lifted its stake in 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 period. Allspring Global Investments Holdings LLC lifted its stake in 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 period. Ashton Thomas Private Wealth LLC bought a new position in Fluor during the second quarter worth about $51,000. Finally, Quest Partners LLC bought a new position in Fluor during the second quarter worth about $52,000. Institutional investors own 88.07% of the company's stock.

Insider Activity at Fluor

In other news, CFO Joseph L. Brennan sold 15,335 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at $2,751,163.38. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Fields sold 50,000 shares of the company's stock in a transaction dated 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 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. In the last ninety days, insiders have sold 81,261 shares of company stock valued at $4,360,074. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. 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. KeyCorp raised their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Truist Financial raised 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. Finally, Robert W. Baird raised their price target on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. One equities 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, Fluor has an average rating of "Moderate Buy" and a consensus target price of $60.29.

Fluor Price Performance

Shares of Fluor stock traded down $0.68 during midday trading on Wednesday, reaching $55.25. The company had a trading volume of 1,607,407 shares, compared to its average volume of 1,715,522. 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 $9.48 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 4.38 and a beta of 1.90. The stock has a fifty day simple moving average of $51.44 and a 200 day simple moving average of $47.57. 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 earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the firm posted $1.02 EPS. Fluor's revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Fluor Co. will post 2.62 earnings per share for the current year.

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.