Weil Company Inc. Cuts Stake in Fluor Co. (NYSE:FLR)

Weil Company Inc. decreased its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,109 shares of the construction company's stock after selling 10,358 shares during the quarter. Weil Company Inc.'s holdings in Fluor were worth $1,484,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FLR. Janus Henderson Group PLC grew its position in shares of Fluor by 20.3% during the 1st quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company's stock worth $3,311,000 after buying an additional 13,203 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Fluor by 230.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company's stock worth $2,587,000 after buying an additional 41,428 shares during the period. Swiss National Bank grew its position in Fluor by 19.1% in the 1st quarter. Swiss National Bank now owns 336,400 shares of the construction company's stock valued at $14,223,000 after purchasing an additional 53,900 shares during the period. AQR Capital Management LLC grew its position in Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company's stock valued at $24,771,000 after purchasing an additional 222,070 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Fluor by 19.8% in the 1st quarter. Russell Investments Group Ltd. now owns 226,306 shares of the construction company's stock valued at $9,568,000 after purchasing an additional 37,435 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares of the company's stock, valued at $2,676,885.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares of the company's stock, valued at $2,676,885.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now directly owns 41,908 shares of the company's stock, valued at $2,107,972.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,261 shares of company stock worth $2,156,604. Company insiders own 1.70% of the company's stock.

Fluor Stock Performance

Fluor stock traded down $1.11 during midday trading on Monday, reaching $49.82. The stock had a trading volume of 3,902,467 shares, compared to its average volume of 1,662,287. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The firm's 50-day moving average price is $49.80 and its 200 day moving average price is $46.48. The firm has a market capitalization of $8.53 billion, a PE ratio of 33.95, a P/E/G ratio of 2.21 and a beta of 1.90. 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, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.27). Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the subject of several research reports. Robert W. Baird lifted their price target on shares of Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. KeyCorp lifted their price target on shares of Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday. 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 report on Wednesday, October 9th. Barclays raised their price objective on Fluor from $39.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, July 18th. Finally, DA Davidson raised their price objective on Fluor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.29.

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.