Fluor Co. (NYSE:FLR) Shares Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. raised its position in Fluor Co. (NYSE:FLR - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,040,600 shares of the construction company's stock after buying an additional 120,800 shares during the quarter. Fluor makes up approximately 1.5% of Hennessy Advisors Inc.'s portfolio, making the stock its 19th biggest position. Hennessy Advisors Inc. owned approximately 0.61% of Fluor worth $51,322,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Aequim Alternative Investments LP grew its position in Fluor by 6.0% during the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company's stock worth $35,437,000 after purchasing an additional 41,800 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock worth $819,000 after buying an additional 9,992 shares during the period. AQR Capital Management LLC increased its position in Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company's stock valued at $24,771,000 after acquiring an additional 222,070 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock valued at $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in Fluor by 67.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company's stock worth $2,345,000 after acquiring an additional 19,836 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fluor

In related news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 147,045 shares of the company's stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. D'agostino sold 7,681 shares of Fluor stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, 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 disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Fluor Trading Up 1.6 %

Shares of FLR traded up $0.77 on Friday, hitting $50.28. 4,693,906 shares of the stock traded hands, compared to its average volume of 1,639,715. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The stock's 50 day moving average is $52.13 and its two-hundred day moving average is $50.00. The firm has a market capitalization of $8.62 billion, a P/E ratio of 33.52, a P/E/G ratio of 3.39 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

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 analysts' consensus estimates of $0.76 by ($0.25). The business had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. As a group, sell-side analysts predict that Fluor Co. will post 2.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup raised Fluor from a "neutral" rating to a "buy" rating and boosted their target price for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. UBS Group raised their target price on shares of Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp boosted their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, DA Davidson upped their price objective on Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.14.

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.