Yousif Capital Management LLC Decreases Stake in Fluor Co. (NYSE:FLR)

Yousif Capital Management LLC lowered its holdings in Fluor Co. (NYSE:FLR) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,232 shares of the construction company’s stock after selling 2,133 shares during the quarter. Yousif Capital Management LLC’s holdings in Fluor were worth $2,675,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FLR. Geode Capital Management LLC boosted its holdings in Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after buying an additional 51,018 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Fluor by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after acquiring an additional 9,789 shares during the period. Artemis Investment Management LLP increased its stake in Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after purchasing an additional 412,312 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in Fluor by 13.1% during the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after purchasing an additional 120,800 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark E. Fields sold 50,000 shares of the business’s 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 directly owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group lifted their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial reduced their price target 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. Citigroup dropped their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.29.

Fluor Stock Up 1.1 %

Shares of NYSE:FLR opened at $49.33 on Monday. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The stock has a 50-day simple moving average of $51.09 and a 200-day simple moving average of $50.34. 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 stock has a market capitalization of $8.46 billion, a P/E ratio of 32.89, a PEG ratio of 3.45 and a beta of 1.89.

Fluor (NYSE:FLR) last released its quarterly earnings data 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). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the company earned $1.02 EPS. Fluor’s revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that Fluor Co. will post 2.62 earnings per share for the current year.

About Fluor

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.