Fluor Co. (NYSE:FLR) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in Fluor Co. (NYSE:FLR - Free Report) by 99.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,061 shares of the construction company's stock after acquiring an additional 16,499 shares during the period. US Bancorp DE's holdings in Fluor were worth $1,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its position in Fluor by 0.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company's stock valued at $2,739,000 after acquiring an additional 286 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Fluor by 6.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 89,204 shares of the construction company's stock valued at $3,772,000 after purchasing an additional 5,760 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Fluor by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 149,110 shares of the construction company's stock worth $6,304,000 after buying an additional 1,934 shares in the last quarter. SG Americas Securities LLC grew its position in Fluor by 143.4% during the first quarter. SG Americas Securities LLC now owns 11,297 shares of the construction company's stock valued at $478,000 after buying an additional 6,655 shares during the period. Finally, Lisanti Capital Growth LLC increased its holdings in Fluor by 13.7% in the first quarter. Lisanti Capital Growth LLC now owns 122,960 shares of the construction company's stock valued at $5,199,000 after buying an additional 14,805 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Transactions at Fluor

In related news, CFO Joseph L. Brennan sold 11,619 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now owns 41,908 shares of the company's stock, valued at approximately $2,107,972.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joseph L. Brennan sold 11,619 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares of the company's stock, valued at $2,107,972.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,261 shares of company stock valued at $2,156,604. Corporate insiders own 1.70% of the company's stock.

Fluor Price Performance

FLR stock traded down $8.01 during midday trading on Friday, reaching $50.92. The stock had a trading volume of 12,420,681 shares, compared to its average volume of 1,651,582. Fluor Co. has a 52-week low of $34.17 and a 52-week high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The company's fifty day simple moving average is $49.79 and its 200 day simple moving average is $46.32. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.90.

Analyst Ratings Changes

FLR has been the topic of several recent analyst reports. KeyCorp increased their target price on shares of Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday. Citigroup raised Fluor from a "neutral" rating to a "buy" rating and raised their price objective for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. UBS Group upped their target price on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial lifted their price target on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, DA Davidson upped their price objective on shares of Fluor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Fluor presently has an average rating of "Moderate Buy" and a consensus price target of $59.29.

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.