Fluor Co. (NYSE:FLR) Stock Position Lifted by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its stake in shares of Fluor Co. (NYSE:FLR) by 49.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,252,876 shares of the construction company’s stock after purchasing an additional 412,312 shares during the quarter. Artemis Investment Management LLP’s holdings in Fluor were worth $61,792,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Hennessy Advisors Inc. lifted its stake in shares of Fluor by 13.1% in the 4th quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after acquiring an additional 120,800 shares during the period. Park Avenue Securities LLC lifted its position in Fluor by 26.9% in the fourth quarter. Park Avenue Securities LLC now owns 13,396 shares of the construction company’s stock worth $661,000 after purchasing an additional 2,839 shares during the period. Diversified Trust Co boosted its stake in Fluor by 5.8% during the 4th quarter. Diversified Trust Co now owns 39,090 shares of the construction company’s stock valued at $1,928,000 after purchasing an additional 2,150 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Fluor by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock valued at $112,000 after purchasing an additional 213 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Trading Up 1.6 %

NYSE FLR opened at $50.28 on Friday. The firm’s 50 day moving average price is $52.13 and its two-hundred day moving average price is $50.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 3.39 and a beta of 1.91.

Fluor (NYSE:FLR) last posted its quarterly 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 net margin of 1.64% and a return on equity of 20.05%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Fluor Co. will post 2.62 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FLR shares. UBS Group lifted their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Truist Financial cut their target price on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, DA Davidson increased their price objective on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.14.

Insider Transactions at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the transaction, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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.