First Trust Direct Indexing L.P. Acquires New Holdings in Fluor Co. (NYSE:FLR)

First Trust Direct Indexing L.P. acquired a new stake in shares of Fluor Co. (NYSE:FLR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,235 shares of the construction company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Fluor during the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Fluor during the second quarter valued at approximately $51,000. Finally, Quest Partners LLC purchased a new stake in Fluor during the second quarter valued at approximately $52,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Fluor

In related news, CFO Joseph L. Brennan sold 11,619 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the transaction, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at approximately $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fluor news, CAO John C. Regan sold 13,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were 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 owns 55,965 shares in the company, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares of the company’s stock, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,261 shares of company stock valued at $2,156,604. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of NYSE FLR opened at $54.61 on Wednesday. The stock has a market cap of $9.35 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.90. The firm has a fifty day moving average price of $49.31 and a 200-day moving average price of $46.03. Fluor Co. has a 1 year low of $34.09 and a 1 year high of $55.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird upped their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Truist Financial upped their target price on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. 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 report on Monday, August 5th. KeyCorp raised shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a report on Wednesday, July 17th. Finally, UBS Group increased their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.29.

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.