Los Angeles Capital Management LLC Boosts Stake in Fluor Co. (NYSE:FLR)

Los Angeles Capital Management LLC boosted its holdings in Fluor Co. (NYSE:FLR - Free Report) by 139.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,174 shares of the construction company's stock after purchasing an additional 9,992 shares during the quarter. Los Angeles Capital Management LLC's holdings in Fluor were worth $819,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of Fluor in the second quarter worth approximately $34,000. GAMMA Investing LLC increased its holdings in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 worth $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Fluor during the second quarter valued at $51,000. Finally, Quest Partners LLC bought a new stake in Fluor in the 2nd quarter worth about $52,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares in the company, valued at $2,751,163.38. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 31,261 shares of company stock valued at $1,528,574 in the last ninety days. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

FLR has been the topic of a number of research reports. DA Davidson raised their price target on Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday. Truist Financial boosted their price target on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock 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 target price for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their price target on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.29.

Fluor Trading Up 2.2 %

FLR traded up $1.12 during trading on Friday, reaching $51.92. The company had a trading volume of 3,697,197 shares, compared to its average volume of 1,696,190. Fluor Co. has a 52 week low of $35.04 and a 52 week 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 0.48. The business has a 50 day simple moving average of $50.14 and a 200-day simple moving average of $46.73. The stock has a market cap of $8.91 billion, a P/E ratio of 34.62, a PEG ratio of 3.93 and a beta of 1.90.

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). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $4.74 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. Fluor's revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Fluor Co. will post 2.62 EPS for the current fiscal year.

Fluor 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.