Mengis Capital Management Inc. Purchases Shares of 30,623 Fluor Co. (NYSE:FLR)

Mengis Capital Management Inc. purchased a new stake in Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,623 shares of the construction company's stock, valued at approximately $1,510,000.

A number of other large investors have also recently bought and sold shares of FLR. Versant Capital Management Inc boosted its stake in shares of Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after buying an additional 527 shares during the period. Golden State Wealth Management LLC purchased a new stake in Fluor during the 4th quarter valued at approximately $33,000. Quarry LP lifted its position in Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after acquiring an additional 942 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Fluor by 826.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after purchasing an additional 1,388 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Fluor during the third quarter worth approximately $96,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on FLR. DA Davidson dropped their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Citigroup cut their target price on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Barclays set a $40.00 price target on Fluor and gave the company an "equal weight" rating in a research note on Thursday. Finally, KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.71.

Fluor Price Performance

FLR stock traded up $0.66 during midday trading on Friday, hitting $38.00. 3,599,823 shares of the stock were exchanged, compared to its average volume of 3,256,290. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 3.12, a PEG ratio of 1.36 and a beta of 1.89. Fluor Co. has a fifty-two week low of $36.00 and a fifty-two week high of $60.10. The stock's 50-day moving average price is $47.47 and its 200-day moving average price is $49.72.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Research analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

Insider Buying and Selling at Fluor

In other news, insider Thomas P. D'agostino sold 7,681 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

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.