HWG Holdings LP Takes Position in Fluor Co. (NYSE:FLR)

HWG Holdings LP acquired a new stake in Fluor Co. (NYSE:FLR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 64,084 shares of the construction company's stock, valued at approximately $3,057,000. Fluor makes up approximately 1.1% of HWG Holdings LP's investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in shares of Fluor during the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in shares of Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock valued at $39,000 after acquiring an additional 285 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Fluor by 6,642.9% during the 2nd 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 acquired a new position in shares of Fluor during the 2nd quarter worth approximately $51,000. Finally, Quest Partners LLC acquired a new position in shares of Fluor during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Buying and Selling

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

Fluor Trading Down 0.2 %

Shares of NYSE FLR traded down $0.09 during trading on Friday, hitting $52.29. 1,381,909 shares of the company traded hands, compared to its average volume of 1,561,925. Fluor Co. has a 1 year low of $32.31 and a 1 year high of $55.86. The company has a 50-day moving average price of $48.75 and a 200-day moving average price of $45.38. The firm has a market capitalization of $8.95 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.18 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the previous year, the company earned $0.76 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Fluor Co. will post 2.88 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FLR. UBS Group lifted their price objective on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday. KeyCorp upgraded Fluor from a "sector weight" rating to an "overweight" rating and set a $57.00 price objective for the company in a research report on Wednesday, July 17th. DA Davidson lifted their price objective on Fluor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Robert W. Baird lifted their price objective on Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, Barclays boosted their price target on Fluor from $39.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.29.

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.