Highland Capital Management LLC Has $229,000 Stock Holdings in Fluor Co. (NYSE:FLR)

Highland Capital Management LLC raised its position in shares of Fluor Co. (NYSE:FLR) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,653 shares of the construction company’s stock after acquiring an additional 288 shares during the period. Highland Capital Management LLC’s holdings in Fluor were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLR. CIBC Asset Management Inc lifted its position in shares of Fluor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock worth $235,000 after buying an additional 176 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after acquiring an additional 213 shares during the last quarter. Seelaus Asset Management LLC boosted its stake in shares of 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 purchasing an additional 230 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock valued at $533,000 after purchasing an additional 241 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Fluor by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company’s stock worth $286,000 after purchasing an additional 277 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup cut their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 target price (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. KeyCorp lifted their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. DA Davidson upped their price objective on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Truist Financial reduced their target price on shares of Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and five have issued 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 $59.29.

Fluor Stock Performance

NYSE:FLR opened at $48.30 on Friday. The company has a 50 day simple moving average of $51.85 and a two-hundred day simple moving average of $50.33. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $8.28 billion, a PE ratio of 32.20, a P/E/G ratio of 3.40 and a beta of 1.91.

Fluor (NYSE:FLR) last issued its quarterly 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 business had revenue of $4.09 billion during 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. Research analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current year.

Insiders Place Their Bets

In other Fluor news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly 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. 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.