4,419 Shares in Fluor Co. (NYSE:FLR) Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new stake in Fluor Co. (NYSE:FLR) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 4,419 shares of the construction company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FLR. Nisa Investment Advisors LLC raised its holdings in Fluor by 4.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,477 shares of the construction company’s stock worth $456,000 after purchasing an additional 429 shares during the last quarter. New York State Teachers Retirement System raised its stake in Fluor by 2.0% during the second quarter. New York State Teachers Retirement System now owns 174,331 shares of the construction company’s stock worth $7,592,000 after buying an additional 3,461 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Fluor by 6,642.9% in the second 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Fluor by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,505 shares of the construction company’s stock valued at $1,285,000 after acquiring an additional 2,753 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Fluor by 9.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 395,842 shares of the construction company’s stock worth $17,239,000 after acquiring an additional 33,978 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

FLR has been the topic of several research analyst reports. KeyCorp upped their target price on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Truist Financial raised their price objective on shares of Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird restated a “neutral” rating and issued a $58.00 price target (up from $54.00) on shares of Fluor in a report on Wednesday. Finally, DA Davidson increased their price objective on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.86.

Fluor Trading Up 0.5 %

FLR opened at $50.34 on Friday. The firm has a market capitalization of $8.63 billion, a PE ratio of 33.56, a P/E/G ratio of 4.36 and a beta of 1.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company’s 50-day moving average is $53.66 and its 200 day moving average is $49.20.

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). The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. As a group, research analysts predict that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the company’s 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 in the company, valued at $2,107,972.40. This represents a 21.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,607 shares of company stock worth $4,063,720 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

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.