Harvest Fund Management Co. Ltd Invests $96,000 in Fluor Co. (NYSE:FLR)

Harvest Fund Management Co. Ltd bought a new stake in Fluor Co. (NYSE:FLR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,015 shares of the construction company’s stock, valued at approximately $96,000.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Fluor in the second quarter worth $34,000. GAMMA Investing LLC grew its position in Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after purchasing an additional 285 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after buying an additional 930 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fluor in the second quarter worth about $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor during the second quarter worth about $52,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Down 1.2 %

FLR stock opened at $55.25 on Thursday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 36.83, a P/E/G ratio of 4.38 and a beta of 1.90. Fluor Co. has a 52 week low of $35.04 and a 52 week high of $60.10. The firm has a 50-day simple moving average of $51.44 and a 200-day simple moving average of $47.57. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson boosted their price target on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. KeyCorp increased their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Finally, Truist Financial upped their price target on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Fluor has an average rating of “Moderate Buy” and an average price target of $60.29.

Insider Buying and Selling at Fluor

In other news, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. This represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,261 shares of company stock worth $4,360,074. Corporate insiders own 1.70% of the company’s stock.

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.