Harbor Capital Advisors Inc. Sells 49,740 Shares of Fluor Co. (NYSE:FLR)

Harbor Capital Advisors Inc. lessened its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,831 shares of the construction company's stock after selling 49,740 shares during the period. Harbor Capital Advisors Inc. owned about 0.06% of Fluor worth $5,368,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in Fluor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company's stock valued at $235,000 after purchasing an additional 176 shares during the period. GAMMA Investing LLC boosted its position in shares of Fluor by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock worth $112,000 after buying an additional 213 shares during the period. Seelaus Asset Management LLC grew its holdings in Fluor by 3.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company's stock worth $307,000 after buying an additional 230 shares in the last quarter. Xponance Inc. increased its position in Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company's stock valued at $1,006,000 after acquiring an additional 265 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in Fluor by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company's stock valued at $286,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

FLR has been the topic of a number of research analyst reports. UBS Group raised their price target on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. DA Davidson boosted their target price on Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Truist Financial increased their price target on Fluor from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $58.00 price objective (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.29.

Fluor Price Performance

Shares of NYSE FLR traded down $1.05 during mid-day trading on Friday, reaching $48.27. The company had a trading volume of 2,101,896 shares, compared to its average volume of 2,050,591. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The stock has a market cap of $8.28 billion, a PE ratio of 32.18, a P/E/G ratio of 4.27 and a beta of 1.91. 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 50-day moving average price of $52.74 and a two-hundred day moving average price of $49.80.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.25). The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. Fluor's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, equities analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current year.

Insider Buying and Selling at Fluor

In related news, insider Thomas P. D'agostino sold 7,681 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the transaction, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

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.