Fluor Co. (NYSE:FLR) Stock Position Lifted by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd increased its stake in Fluor Co. (NYSE:FLR) by 366.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,399 shares of the construction company’s stock after purchasing an additional 29,378 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Fluor were worth $1,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hood River Capital Management LLC acquired a new stake in shares of Fluor in the 2nd quarter worth approximately $47,559,000. Westfield Capital Management Co. LP acquired a new stake in Fluor in the third quarter worth approximately $39,289,000. Rubric Capital Management LP boosted its stake in Fluor by 23.6% during the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after purchasing an additional 614,521 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fluor by 27.9% in 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 buying an additional 457,220 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fluor by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after buying an additional 323,111 shares during the period. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 1.6 %

NYSE FLR opened at $56.13 on Monday. The firm’s 50 day moving average price is $51.96 and its two-hundred day moving average price is $47.86. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 4.39 and a beta of 1.90. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Fluor Co. will post 2.62 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Fluor

In related news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph L. Brennan sold 15,335 shares of the 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 transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at $2,751,163.38. The trade was a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,261 shares of company stock valued at $4,360,074 in the last quarter. Company insiders own 1.70% of the company’s stock.

Fluor Company 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.