Natixis Advisors LLC Buys 442 Shares of Fluor Co. (NYSE:FLR)

Natixis Advisors LLC grew its position in Fluor Co. (NYSE:FLR) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 64,777 shares of the construction company’s stock after acquiring an additional 442 shares during the period. Natixis Advisors LLC’s holdings in Fluor were worth $3,091,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC bought a new position in Fluor in the second quarter valued at about $34,000. GAMMA Investing LLC raised its holdings in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in 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. Ashton Thomas Private Wealth LLC bought a new stake in Fluor during the 2nd quarter worth approximately $51,000. Finally, Quest Partners LLC bought a new position in shares of Fluor during the second quarter valued at $52,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

FLR has been the topic of several analyst reports. Robert W. Baird boosted their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. KeyCorp raised their price objective on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson upped their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group raised their price target on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.29.

Fluor Trading Up 2.0 %

NYSE FLR opened at $55.79 on Friday. The stock has a market capitalization of $9.57 billion, a P/E ratio of 37.19, a P/E/G ratio of 4.28 and a beta of 1.90. The business has a 50 day simple moving average of $51.05 and a 200 day simple moving average of $47.27. 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 one year low of $35.04 and a one year high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the business earned $1.02 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Fluor Co. will post 2.62 earnings per share for the current year.

Insider Buying and Selling at Fluor

In other news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the transaction, the chief financial officer now owns 53,527 shares of the company’s stock, valued at $2,676,885.27. This represents a 6.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 31,261 shares of company stock valued at $1,528,574. Corporate insiders own 1.70% of the company’s stock.

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.