Mitchell Mcleod Pugh & Williams Inc. Sells 800 Shares of Fluor Co. (NYSE:FLR)

Mitchell Mcleod Pugh & Williams Inc. reduced its position in shares of Fluor Co. (NYSE:FLR) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,293 shares of the construction company’s stock after selling 800 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Fluor were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Aequim Alternative Investments LP boosted its position in shares of Fluor by 6.0% in the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after purchasing an additional 41,800 shares during the period. Los Angeles Capital Management LLC lifted its position in Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock valued at $819,000 after purchasing an additional 9,992 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock worth $24,771,000 after buying an additional 222,070 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $100,092,000 after buying an additional 457,220 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Fluor by 67.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company’s stock valued at $2,345,000 after acquiring an additional 19,836 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FLR. Truist Financial reduced their price objective on Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. UBS Group boosted their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, DA Davidson upped their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.14.

Insider Transactions at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction that occurred on Thursday, December 5th. The shares were 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. This trade represents a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, 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. Insiders own 1.70% of the company’s stock.

Fluor Stock Up 1.6 %

Shares of NYSE FLR opened at $50.28 on Monday. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10. The stock’s fifty day simple moving average is $52.13 and its two-hundred day simple moving average is $50.04. The stock has a market capitalization of $8.62 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.39 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

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 for 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%. Fluor’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS. As a group, analysts expect that Fluor Co. will post 2.62 EPS for the current fiscal year.

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.