Financial Sense Advisors Inc. Makes New Investment in Fluor Co. (NYSE:FLR)

Financial Sense Advisors Inc. acquired a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,436 shares of the construction company's stock, valued at approximately $4,707,000. Fluor accounts for about 1.6% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 15th largest holding. Financial Sense Advisors Inc. owned about 0.06% of Fluor at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after purchasing an additional 527 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter valued at approximately $33,000. Quarry LP lifted its stake in shares of Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fluor in the 3rd quarter valued at approximately $96,000. Institutional investors own 88.07% of the company's stock.

Insider Activity

In other news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas P. D'agostino sold 7,681 shares of the business's stock in a transaction 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 owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Fluor Trading Down 5.3 %

FLR traded down $2.10 during trading on Friday, hitting $37.73. 4,140,554 shares of the stock were exchanged, compared to its average volume of 3,613,242. The firm has a 50 day simple moving average of $48.66 and a 200 day simple moving average of $50.04. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 3.10, a P/E/G ratio of 1.36 and a beta of 1.89. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. As a group, equities analysts expect that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research analyst reports. Truist Financial decreased their price target on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday. Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, Baird R W lowered Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Fluor presently has a consensus rating of "Moderate Buy" and an average target price of $55.43.

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.