Scientech Research LLC Acquires New Holdings in Fluor Co. (NYSE:FLR)

Scientech Research LLC bought a new stake in Fluor Co. (NYSE:FLR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,299 shares of the construction company’s stock, valued at approximately $753,000.

Other hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Fluor during the 1st quarter valued at about $28,000. ORG Partners LLC bought a new position in shares of Fluor in the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its stake in shares of Fluor by 46.4% in the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after buying an additional 930 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Fluor in the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity at Fluor

In other Fluor news, CAO John C. Regan sold 13,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at $2,703,669.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Joseph L. Brennan sold 15,335 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. The disclosure for this sale can be found here. Insiders have sold a total of 28,630 shares of company stock valued at $1,371,528 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Fluor Trading Up 1.2 %

Shares of Fluor stock opened at $47.89 on Friday. Fluor Co. has a 52-week low of $32.31 and a 52-week high of $51.64. The firm has a market capitalization of $8.20 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.02 and a beta of 1.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. The company’s fifty day moving average price is $47.51 and its two-hundred day moving average price is $44.03.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.17. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, analysts expect that Fluor Co. will post 2.88 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FLR shares. Citigroup upped their price target on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. UBS Group increased their target price on Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research report on Wednesday, July 17th. Truist Financial raised their price objective on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, DA Davidson upped their target price on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.00.

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.