Qsemble Capital Management LP Buys Shares of 11,013 Fluor Co. (NYSE:FLR)

Qsemble Capital Management LP acquired a new stake in shares of Fluor Co. (NYSE:FLR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,013 shares of the construction company's stock, valued at approximately $525,000.

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

Fluor Stock Down 1.2 %

NYSE FLR traded down $0.68 during mid-day trading on Thursday, reaching $55.25. 1,607,407 shares of the company's stock traded hands, compared to its average volume of 1,715,522. The company has a fifty day simple moving average of $51.62 and a 200-day simple moving average of $47.63. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 4.38 and a beta of 1.90. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the firm posted $1.02 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Fluor Co. will post 2.62 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FLR shares. Truist Financial lifted their target price on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. UBS Group boosted their price objective on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. DA Davidson increased their target price on Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Citigroup upgraded Fluor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, KeyCorp lifted their price objective on shares of Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $60.29.

Insider Activity

In related news, CFO Joseph L. Brennan sold 15,335 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 57,834 shares of the company's stock, valued at approximately $2,751,163.38. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,261 shares of company stock worth $4,360,074. 1.70% of the stock is currently owned by corporate 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.