Harbor Capital Advisors Inc. trimmed its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,831 shares of the construction company's stock after selling 49,740 shares during the quarter. Harbor Capital Advisors Inc. owned 0.06% of Fluor worth $5,368,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of FLR. Versant Capital Management Inc raised its holdings in shares of Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after acquiring an additional 527 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the second quarter valued at about $51,000. Quest Partners LLC acquired a new position in shares of Fluor during the second quarter worth about $52,000. Quarry LP grew its holdings in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock worth $63,000 after buying an additional 942 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Fluor in the 3rd quarter valued at approximately $96,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on FLR. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. DA Davidson lifted their price target on shares of Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Robert W. Baird restated a "neutral" rating and set a $58.00 price objective (up from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Truist Financial raised their target price on shares of Fluor from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fluor has an average rating of "Moderate Buy" and an average target price of $60.29.
Get Our Latest Analysis on Fluor
FLR stock opened at $48.27 on Friday. The business's fifty day moving average price is $52.83 and its two-hundred day moving average price is $49.73. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 4.27 and a beta of 1.91. 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 current ratio of 1.77 and a quick ratio of 1.77.
Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the firm earned $1.02 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current year.
In other news, insider Thomas P. D'agostino sold 7,681 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were 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 owns 137,974 shares of the company's stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares of the company's stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.
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.
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