Dimensional Fund Advisors LP Acquires 328,122 Shares of Fluor Corporation $FLR

Key Points

• Dimensional Fund Advisors LP boosted its stake in Fluor by 8.6% in the quarter, buying 328,122 shares to hold 4,137,672 shares (2.57% ownership) valued at about $174.1 million.
• Analyst sentiment is mixed but positive overall: one Strong Buy, four Buys, two Holds and one Sell, giving a consensus rating of "Moderate Buy" with a consensus price target of $54.33.
• Insiders have been net sellers (22,110 shares worth roughly $1.17 million in the past three months), and the company recently slightly missed quarterly estimates (EPS $0.33 vs. $0.34 estimate; revenue $4.18B vs. $4.27B estimate).

Dimensional Fund Advisors LP lifted its stake in Fluor Corporation (NYSE:FLR - Free Report) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,137,672 shares of the construction company's stock after purchasing an additional 328,122 shares during the period. Dimensional Fund Advisors LP owned 2.57% of Fluor worth $174,077,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of Fluor in the 2nd quarter valued at about $26,000. CoreCap Advisors LLC boosted its position in shares of Fluor by 129.5% during the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company's stock worth $30,000 after purchasing an additional 408 shares in the last quarter. Banque Transatlantique SA increased its position in shares of Fluor by 312.5% in the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company's stock valued at $43,000 after buying an additional 625 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Fluor in the first quarter valued at about $54,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of Fluor during the third quarter worth about $55,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on FLR. UBS Group restated a "buy" rating and set a $57.00 target price on shares of Fluor in a report on Thursday, February 19th. Citigroup boosted their price objective on shares of Fluor from $57.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Weiss Ratings lowered shares of Fluor from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday, February 17th. Robert W. Baird lifted their price target on Fluor from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised Fluor from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.33.

Insider Buying and Selling at Fluor

In other news, insider Pierre Edward Bechelany sold 4,581 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $53.10, for a total transaction of $243,251.10. Following the completion of the sale, the insider owned 32,748 shares in the company, valued at approximately $1,738,918.80. This trade represents a 12.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael E. Alexander sold 3,387 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $53.07, for a total transaction of $179,748.09. Following the completion of the transaction, the insider owned 68,664 shares in the company, valued at approximately $3,643,998.48. This trade represents a 4.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,110 shares of company stock worth $1,168,920 in the last three months. 1.70% of the stock is owned by insiders.

Fluor Stock Performance

Shares of FLR stock opened at $45.84 on Tuesday. The stock has a market cap of $6.72 billion, a P/E ratio of -58.77, a P/E/G ratio of 1.14 and a beta of 1.35. The company has a fifty day moving average price of $46.44 and a two-hundred day moving average price of $44.57. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that Fluor Corporation will post 2.5 EPS for the current year.

About Fluor

Fluor Corporation NYSE: FLR is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company's core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor's diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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