Fmr LLC Has $657.26 Million Holdings in Fluor Co. (NYSE:FLR)

FMR LLC lessened its holdings in Fluor Co. (NYSE:FLR - Free Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,776,145 shares of the construction company's stock after selling 728,707 shares during the period. FMR LLC owned approximately 8.03% of Fluor worth $657,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. Price T Rowe Associates Inc. MD boosted its stake in shares of Fluor by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 103,721 shares of the construction company's stock valued at $4,386,000 after purchasing an additional 5,224 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Fluor by 15.0% during the first quarter. Public Employees Retirement System of Ohio now owns 26,285 shares of the construction company's stock worth $1,111,000 after buying an additional 3,426 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Fluor by 20.3% in the first quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company's stock valued at $3,311,000 after acquiring an additional 13,203 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Fluor by 11.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,727 shares of the construction company's stock worth $242,000 after acquiring an additional 601 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in 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 during the last quarter. Institutional investors own 88.07% of the company's stock.

Fluor Trading Up 1.6 %

Shares of FLR stock traded up $0.88 on Friday, reaching $56.13. The company had a trading volume of 1,142,599 shares, compared to its average volume of 1,713,042. The company has a 50-day moving average of $51.78 and a 200-day moving average of $47.68. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The stock has a market cap of $9.63 billion, a PE ratio of 37.42, a PEG ratio of 4.32 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 posted its 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 firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the business posted $1.02 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Fluor Co. will post 2.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark E. Fields sold 50,000 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joseph L. Brennan sold 4,012 shares of the business'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 completion of the sale, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,261 shares of company stock worth $4,360,074. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on FLR shares. Robert W. Baird increased their target price on Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and boosted their target price 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 company a "buy" rating in a report on Tuesday, November 12th. KeyCorp increased their price objective on Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and an average price target of $60.29.

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.