Fluor Co. (NYSE:FLR) Shares Acquired by Seelaus Asset Management LLC

Seelaus Asset Management LLC increased its stake in shares of Fluor Co. (NYSE:FLR) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,445 shares of the construction company’s stock after purchasing an additional 230 shares during the period. Seelaus Asset Management LLC’s holdings in Fluor were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLR. ORG Partners LLC purchased a new stake in shares of Fluor in the second quarter valued at $34,000. GAMMA Investing LLC lifted 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 purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fluor during the second quarter worth about $51,000. Finally, Quest Partners LLC acquired a new position in shares of Fluor in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 6.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 31,261 shares of company stock valued at $1,528,574 in the last quarter. Company insiders own 1.70% of the company’s stock.

Fluor Price Performance

Shares of NYSE FLR opened at $51.93 on Friday. 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 1-year low of $35.04 and a 1-year high of $60.10. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 3.93 and a beta of 1.90. The business has a 50-day moving average of $50.14 and a 200-day moving average of $46.73.

Fluor (NYSE:FLR) last released its quarterly earnings results 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 analysts’ expectations of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. On average, equities analysts anticipate that Fluor Co. will post 2.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. DA Davidson boosted their target price on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Truist Financial boosted their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, KeyCorp increased their target price on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.