Fluor Co. (NYSE:FLR) Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Fluor Co. (NYSE:FLR) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,004,775 shares of the construction company’s stock after acquiring an additional 9,789 shares during the period. Thrivent Financial for Lutherans owned 1.17% of Fluor worth $95,648,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after buying an additional 176 shares during the last quarter. Seelaus Asset Management LLC grew its position in Fluor by 3.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock valued at $307,000 after buying an additional 230 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Fluor by 0.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after buying an additional 233 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Fluor by 1.2% in the second quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 265 shares in the last quarter. Finally, JGP Wealth Management LLC increased its stake in shares of Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock valued at $253,000 after acquiring an additional 283 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Performance

Fluor stock opened at $51.92 on Monday. 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 cap of $8.91 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 4.06 and a beta of 1.90. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The firm’s 50 day simple moving average is $50.14 and its 200-day simple moving average is $46.82.

Fluor (NYSE:FLR) last announced its 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 net margin of 1.64% and a return on equity of 20.05%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the firm earned $1.02 earnings per share. Fluor’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Fluor Co. will post 2.62 EPS for the current year.

Insider Buying and Selling at Fluor

In related news, CFO Joseph L. Brennan sold 11,619 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,107,972.40. This trade 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 the SEC website. Insiders have sold a total of 31,261 shares of company stock valued at $1,528,574 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research reports. UBS Group increased their price target on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Truist Financial upped their price target on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird lifted their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, KeyCorp raised their target price on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and an average target price of $60.29.

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.