Westfield Capital Management Co. LP Acquires Shares of 823,490 Fluor Co. (NYSE:FLR)

Westfield Capital Management Co. LP purchased a new stake in Fluor Co. (NYSE:FLR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 823,490 shares of the construction company's stock, valued at approximately $39,289,000. Westfield Capital Management Co. LP owned 0.48% of Fluor at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of Fluor by 20.3% during the first 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 Fluor by 230.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company's stock valued at $2,587,000 after acquiring an additional 41,428 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock worth $819,000 after purchasing an additional 9,992 shares during the period. AQR Capital Management LLC boosted its stake in shares of Fluor by 63.8% in the second 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, California State Teachers Retirement System grew its holdings in shares of Fluor by 11.0% in the first quarter. California State Teachers Retirement System now owns 169,441 shares of the construction company's stock valued at $7,164,000 after purchasing an additional 16,769 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FLR shares. Truist Financial boosted their price objective on shares of Fluor from $61.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Citigroup raised Fluor from a "neutral" rating to a "buy" rating and upped their target price for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. KeyCorp lifted their price target on Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Finally, UBS Group lifted their target price on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.29.

Insider Buying and Selling at Fluor

In other news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction on Friday, October 4th. The stock was 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 owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. This represents a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,261 shares of company stock worth $4,360,074 over the last 90 days. Insiders own 1.70% of the company's stock.

Fluor Stock Up 0.4 %

NYSE:FLR traded up $0.25 during mid-day trading on Monday, hitting $56.04. The company had a trading volume of 2,816,451 shares, compared to its average volume of 1,717,734. The business has a fifty day simple moving average of $51.24 and a 200-day simple moving average of $47.45. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 4.36 and a beta of 1.90. Fluor Co. has a 1 year low of $35.04 and a 1 year 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 0.48.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $4.74 billion. During the same period last year, the firm earned $1.02 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

About Fluor

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.