Harbor Capital Advisors Inc. Acquires 99,168 Shares of Fluor Co. (NYSE:FLR)

Harbor Capital Advisors Inc. boosted its position in Fluor Co. (NYSE:FLR - Free Report) by 166.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,571 shares of the construction company's stock after purchasing an additional 99,168 shares during the period. Harbor Capital Advisors Inc. owned 0.09% of Fluor worth $7,565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC bought a new position in Fluor in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC raised its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after acquiring an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock valued at $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Fluor during the second quarter worth $51,000. Finally, Quest Partners LLC bought a new position in shares of Fluor in the 2nd quarter worth about $52,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Joseph L. Brennan sold 15,335 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the sale, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the company'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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the transaction, the chief financial officer now owns 57,834 shares of the company's stock, valued at approximately $2,751,163.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FLR has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and upped their price objective for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Truist Financial boosted their target price on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group raised their price objective on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Barclays lifted their price target on shares of Fluor from $39.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Fluor has an average rating of "Moderate Buy" and an average target price of $58.29.

Fluor Stock Performance

Shares of Fluor stock traded up $0.61 during mid-day trading on Friday, hitting $52.89. 1,258,883 shares of the stock were exchanged, compared to its average volume of 1,899,858. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $9.06 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.26 and a beta of 1.90. The company has a 50-day simple moving average of $49.24 and a 200 day simple moving average of $45.89. Fluor Co. has a 12 month low of $33.50 and a 12 month high of $55.86.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, topping 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 the consensus estimate of $4.34 billion. During the same period last year, the firm earned $0.76 EPS. Fluor's revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that Fluor Co. will post 2.88 earnings per share for the current fiscal 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.