Lisanti Capital Growth LLC Sells 15,510 Shares of Fluor Co. (NYSE:FLR)

Lisanti Capital Growth LLC trimmed its holdings in Fluor Co. (NYSE:FLR - Free Report) by 15.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 83,805 shares of the construction company's stock after selling 15,510 shares during the period. Lisanti Capital Growth LLC's holdings in Fluor were worth $3,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in shares of Fluor by 143.4% during the 1st quarter. SG Americas Securities LLC now owns 11,297 shares of the construction company's stock worth $478,000 after purchasing an additional 6,655 shares during the period. Swiss National Bank raised its holdings in shares of Fluor by 19.1% in the 1st quarter. Swiss National Bank now owns 336,400 shares of the construction company's stock valued at $14,223,000 after buying an additional 53,900 shares during the period. Russell Investments Group Ltd. lifted its stake in Fluor by 19.8% during the 1st quarter. Russell Investments Group Ltd. now owns 226,306 shares of the construction company's stock worth $9,568,000 after acquiring an additional 37,435 shares in the last quarter. ProShare Advisors LLC grew its position in Fluor by 4.2% in the 1st quarter. ProShare Advisors LLC now owns 33,955 shares of the construction company's stock valued at $1,436,000 after acquiring an additional 1,369 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Fluor by 12.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 45,644 shares of the construction company's stock worth $1,930,000 after purchasing an additional 4,910 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling at Fluor

In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now owns 55,965 shares of the company's stock, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Joseph L. Brennan sold 4,012 shares of the company's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the transaction, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the sale, the chief accounting officer now directly owns 55,965 shares in the company, valued at $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock valued at $2,156,604 in the last quarter. Company insiders own 1.70% of the company's stock.

Fluor Price Performance

FLR traded down $0.95 during trading on Monday, reaching $49.98. The stock had a trading volume of 3,292,916 shares, compared to its average volume of 1,659,491. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $49.80 and a two-hundred day moving average of $46.48. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 2.21 and a beta of 1.90.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.27). The firm had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $4.74 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. As a group, equities analysts anticipate that Fluor Co. will post 2.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FLR shares. KeyCorp upped their price target on Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. DA Davidson increased their target price on Fluor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 5th. Finally, Truist Financial upped their price target on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. 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 has an average rating of "Moderate Buy" and an average target price of $59.29.

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.