Fluor Co. (NYSE:FLR) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC reduced its stake in Fluor Co. (NYSE:FLR - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,423,585 shares of the construction company's stock after selling 615,840 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 2.00% of Fluor worth $163,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Fluor in the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its stake in shares of Fluor by 46.4% in the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock valued at $39,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock valued at $41,000 after acquiring an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the 2nd quarter worth approximately $51,000. Finally, Quest Partners LLC purchased a new stake in shares of Fluor during the 2nd quarter valued at approximately $52,000. Institutional investors own 88.07% of the company's stock.

Fluor Price Performance

Shares of Fluor stock traded down $0.41 during trading hours on Tuesday, reaching $54.70. The stock had a trading volume of 1,972,471 shares, compared to its average volume of 1,712,804. 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 Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The stock's 50 day moving average is $52.13 and its 200 day moving average is $48.05. The firm has a market capitalization of $9.38 billion, a PE ratio of 36.47, a PEG ratio of 4.31 and a beta of 1.89.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data 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). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the firm posted $1.02 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Fluor news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction on 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 transaction, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph L. Brennan sold 4,012 shares of the company'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 value of $200,640.12. Following the sale, the chief financial officer now directly owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. This represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,261 shares of company stock worth $4,360,074 in the last quarter. 1.70% of the stock is owned by company insiders.

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.