Thrivent Financial for Lutherans Increases Stock Holdings in Fluor Co. (NYSE:FLR)

Thrivent Financial for Lutherans increased its holdings in Fluor Co. (NYSE:FLR - Free Report) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,004,775 shares of the construction company's stock after acquiring an additional 9,789 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.17% of Fluor worth $95,648,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FLR. ORG Partners LLC purchased a new stake in Fluor in the second quarter worth about $34,000. GAMMA Investing LLC lifted its stake in Fluor by 46.4% in the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after acquiring an additional 285 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock worth $41,000 after acquiring an additional 930 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fluor during the second quarter valued at about $51,000. Finally, Quest Partners LLC purchased a new stake in shares of Fluor during the second quarter valued at about $52,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on FLR. Truist Financial increased their price target on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. DA Davidson increased their price target on shares of Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Robert W. Baird increased their price target on shares of Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and upped their price objective for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, UBS Group upped their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $60.29.

Insider Transactions at Fluor

In other news, CFO Joseph L. Brennan sold 4,012 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares of the company's stock, valued at $2,676,885.27. This trade represents a 6.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 31,261 shares of company stock valued at $1,528,574 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Fluor Stock Performance

NYSE:FLR traded up $1.03 during midday trading on Monday, hitting $52.95. The company's stock had a trading volume of 2,404,498 shares, compared to its average volume of 1,699,441. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The firm's 50 day moving average is $50.32 and its 200-day moving average is $46.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market cap of $9.08 billion, a P/E ratio of 35.30, a P/E/G ratio of 4.06 and a beta of 1.90.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company posted $1.02 EPS. Fluor's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

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.