Advisors Asset Management Inc. Has $3.70 Million Holdings in Fluor Co. (NYSE:FLR)

Advisors Asset Management Inc. grew its position in Fluor Co. (NYSE:FLR) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,531 shares of the construction company’s stock after buying an additional 3,690 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fluor were worth $3,699,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FLR. Rubric Capital Management LP grew its position 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 worth $139,992,000 after purchasing an additional 614,521 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Fluor by 14.5% during 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 in the last quarter. Thrivent Financial for Lutherans raised its position in Fluor by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock valued at $95,648,000 after buying an additional 9,789 shares during the period. Hood River Capital Management LLC purchased a new stake in Fluor in the 2nd quarter worth about $47,559,000. Finally, King Luther Capital Management Corp grew its stake in Fluor by 1.8% during the 2nd quarter. King Luther Capital Management Corp now owns 1,052,106 shares of the construction company’s stock valued at $45,819,000 after acquiring an additional 18,535 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction that occurred 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 owns 57,834 shares in the company, valued at $2,751,163.38. This represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 31,261 shares of company stock valued at $1,528,574. Company insiders own 1.70% of the company’s stock.

Fluor Trading Up 2.0 %

Fluor stock opened at $55.79 on Friday. Fluor Co. has a one year low of $35.04 and a one year high of $60.10. The company’s fifty day moving average price is $51.05 and its two-hundred day moving average price is $47.21. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 4.12 and a beta of 1.90. 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 (NYSE:FLR) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 earnings per share. On average, analysts forecast that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. KeyCorp increased 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. UBS Group lifted their target price on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Truist Financial raised their price target on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

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.