Financial Sense Advisors Inc. Takes $4.71 Million Position in Fluor Co. (NYSE:FLR)

Financial Sense Advisors Inc. acquired a new position in shares of Fluor Co. (NYSE:FLR) during the fourth quarter, HoldingsChannel reports. The firm acquired 95,436 shares of the construction company’s stock, valued at approximately $4,707,000. Fluor comprises 1.6% of Financial Sense Advisors Inc.’s holdings, making the stock its 15th largest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Fluor during the fourth quarter worth about $33,000. Quarry LP raised its position in Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after buying an additional 942 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Fluor during the 3rd quarter worth approximately $96,000. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction on 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 directly owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction 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 owns 147,045 shares in the company, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FLR shares. KeyCorp boosted their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. DA Davidson reduced their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial lowered their target price on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird reduced their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Citigroup dropped their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.43.

Fluor Price Performance

NYSE:FLR opened at $39.58 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10. The stock’s 50 day moving average price is $49.31 and its two-hundred day moving average price is $50.14. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.06 and a beta of 1.89.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current year.

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.