Fuller & Thaler Asset Management Inc. Raises Position in TechnipFMC plc $FTI

Key Points

• Fuller & Thaler Asset Management Inc. increased their stake in TechnipFMC plc by 162% by acquiring an additional 28,315 shares, bringing their total holdings to 45,795 shares valued at approximately $1.45 million.
• Several large investors have also boosted their positions in TechnipFMC, indicating strong institutional interest with 96.58% of the stock owned by institutional investors.
• Analysts have raised their target prices for TechnipFMC, with a consensus rating of “Moderate Buy” and a target price of $38.92, reflecting positive sentiment about the company's performance and outlook.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 162.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,795 shares of the oil and gas company's stock after acquiring an additional 28,315 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in TechnipFMC were worth $1,451,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FTI. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC during the 1st quarter worth about $33,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 346 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock valued at $68,000 after purchasing an additional 2,061 shares during the last quarter. Quarry LP lifted its holdings in shares of TechnipFMC by 95.9% in the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after purchasing an additional 1,248 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock valued at $91,000 after purchasing an additional 614 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTI. Royal Bank Of Canada boosted their target price on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Susquehanna boosted their target price on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a report on Thursday, May 22nd. Finally, Citigroup reissued a "buy" rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus price target of $38.92.

TechnipFMC Stock Performance

FTI traded up $0.7740 on Friday, hitting $36.0840. 3,072,205 shares of the company traded hands, compared to its average volume of 3,041,571. The company has a 50 day moving average of $34.95 and a 200-day moving average of $31.12. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $14.83 billion, a PE ratio of 17.02, a PEG ratio of 1.16 and a beta of 1.04. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The firm's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC's dividend payout ratio is 9.43%.

Insider Activity

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director owned 62,978 shares in the company, valued at $2,337,743.36. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company's stock.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.