Whalen Wealth Management Inc. Purchases Shares of 10,282 Fluor Co. (NYSE:FLR)

Whalen Wealth Management Inc. bought a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 10,282 shares of the construction company's stock, valued at approximately $491,000.

A number of other institutional investors have also modified their holdings of the company. Quest Partners LLC grew its holdings in shares of Fluor by 1,254.1% during the 3rd quarter. Quest Partners LLC now owns 16,155 shares of the construction company's stock worth $771,000 after purchasing an additional 14,962 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Fluor by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company's stock worth $95,648,000 after purchasing an additional 9,789 shares during the period. Natixis Advisors LLC boosted its holdings in Fluor by 0.7% in the 3rd quarter. Natixis Advisors LLC now owns 64,777 shares of the construction company's stock worth $3,091,000 after acquiring an additional 442 shares during the period. Seelaus Asset Management LLC boosted its holdings in Fluor by 3.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company's stock worth $307,000 after acquiring an additional 230 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Fluor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company's stock worth $235,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FLR shares. Robert W. Baird upped their price target on Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. KeyCorp upped their price target on Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. UBS Group increased their target price on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial increased their target price on 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 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.29.

Fluor Stock Performance

Shares of FLR stock traded down $0.29 on Tuesday, hitting $52.66. 2,709,305 shares of the stock traded hands, compared to its average volume of 1,703,955. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $9.03 billion, a PE ratio of 35.11, a PEG ratio of 4.06 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's fifty day moving average is $50.49 and its 200 day moving average is $47.00.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share 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 company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the business earned $1.02 earnings per share. Fluor's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluor

In other news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares of the company's stock, valued at approximately $2,107,972.40. This represents a 21.71 % 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. Insiders sold 31,261 shares of company stock valued at $1,528,574 in the last ninety days. Company insiders own 1.70% of the company's stock.

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.