Dynamic Technology Lab Private Ltd Boosts Stake in Fluor Co. (NYSE:FLR)

Dynamic Technology Lab Private Ltd increased its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 67.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,152 shares of the construction company's stock after purchasing an additional 19,836 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Fluor were worth $2,345,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Janus Henderson Group PLC increased its stake in Fluor by 20.3% during the 1st quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company's stock worth $3,311,000 after purchasing an additional 13,203 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Fluor by 230.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company's stock worth $2,587,000 after purchasing an additional 41,428 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Fluor by 139.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock worth $819,000 after purchasing an additional 9,992 shares in the last quarter. AQR Capital Management LLC increased its stake in Fluor by 63.8% during the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company's stock worth $24,771,000 after purchasing an additional 222,070 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Fluor by 11.0% during the 1st quarter. California State Teachers Retirement System now owns 169,441 shares of the construction company's stock worth $7,164,000 after acquiring an additional 16,769 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the firm's stock in a transaction that occurred on 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 owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. This trade represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 31,261 shares of company stock valued at $1,528,574. Company insiders own 1.70% of the company's stock.

Fluor Trading Up 0.9 %

NYSE FLR traded up $0.50 during trading hours on Monday, hitting $56.29. 1,398,692 shares of the company's stock were exchanged, compared to its average volume of 1,711,144. The stock has a 50-day simple moving average of $51.05 and a 200 day simple moving average of $47.33. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 4.36 and a beta of 1.90. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data 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 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 period last year, the business posted $1.02 EPS. The company's revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Fluor Co. will post 2.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on FLR shares. UBS Group upped their target price on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Robert W. Baird raised their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. KeyCorp boosted their price objective on shares of Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Truist Financial boosted their price target on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, DA Davidson raised their target price on shares of Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and an average price target of $60.29.

Fluor Company 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.