Toth Financial Advisory Corp Buys 24,500 Shares of TechnipFMC plc (NYSE:FTI)

Toth Financial Advisory Corp boosted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 1,225.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,500 shares of the oil and gas company's stock after acquiring an additional 24,500 shares during the quarter. Toth Financial Advisory Corp's holdings in TechnipFMC were worth $767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in shares of TechnipFMC during the 3rd quarter valued at $185,643,000. Westfield Capital Management Co. LP bought a new position in shares of TechnipFMC during the third quarter valued at about $49,273,000. Jennison Associates LLC increased its holdings in shares of TechnipFMC by 95.0% in the third quarter. Jennison Associates LLC now owns 2,360,587 shares of the oil and gas company's stock worth $61,918,000 after buying an additional 1,150,049 shares during the period. Hardman Johnston Global Advisors LLC increased its holdings in shares of TechnipFMC by 13.5% in the third quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company's stock worth $236,482,000 after buying an additional 1,071,103 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of TechnipFMC by 391.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,036,797 shares of the oil and gas company's stock valued at $27,112,000 after acquiring an additional 825,842 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Down 1.0 %

Shares of NYSE:FTI traded down $0.33 during trading on Friday, hitting $31.40. The stock had a trading volume of 1,929,398 shares, compared to its average volume of 2,857,507. The company has a market capitalization of $13.36 billion, a PE ratio of 20.66 and a beta of 1.54. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $30.71 and its 200 day moving average is $28.12. TechnipFMC plc has a 12 month low of $18.53 and a 12 month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.25. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. Analysts anticipate that TechnipFMC plc will post 1.62 EPS for the current fiscal year.

TechnipFMC declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 23rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the oil and gas company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. BMO Capital Markets lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Thursday, October 10th. Evercore ISI upped their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Citigroup increased their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. HSBC upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 price objective on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $36.15.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.