Hudson Valley Investment Advisors Inc. ADV Sells 11,092 Shares of Fluor Co. (NYSE:FLR)

Hudson Valley Investment Advisors Inc. ADV lowered its position in Fluor Co. (NYSE:FLR - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 160,380 shares of the construction company's stock after selling 11,092 shares during the period. Hudson Valley Investment Advisors Inc. ADV owned 0.09% of Fluor worth $7,910,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLR. Versant Capital Management Inc increased its stake in shares of Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after acquiring an additional 527 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the 2nd quarter valued at $51,000. Quest Partners LLC bought a new stake in shares of Fluor in the 2nd quarter valued at $52,000. Quarry LP increased its stake in shares of Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after acquiring an additional 942 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fluor in the 3rd quarter valued at $96,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FLR. UBS Group lifted their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and boosted their price target for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Baird R W lowered shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. DA Davidson boosted their price target on shares of Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird restated a "neutral" rating and set a $58.00 price target (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Fluor has an average rating of "Moderate Buy" and a consensus target price of $60.29.

Insider Buying and Selling

In related news, 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 transaction, the insider now directly owns 147,045 shares of the company's stock, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas P. D'agostino sold 7,681 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following 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 disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Fluor Stock Down 2.1 %

FLR traded down $1.05 during mid-day trading on Friday, reaching $48.27. 2,101,896 shares of the stock were exchanged, compared to its average volume of 2,050,591. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $8.28 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 4.27 and a beta of 1.91. The company has a 50 day moving average price of $52.83 and a two-hundred day moving average price of $49.73. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10.

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 analysts' consensus estimates of $0.76 by ($0.25). The firm 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%. Fluor's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. As a group, research analysts anticipate that Fluor Co. will post 2.62 EPS for the current 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.