Fluor Co. (NYSE:FLR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 2,695.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,760 shares of the construction company's stock after purchasing an additional 61,479 shares during the quarter. GAMMA Investing LLC's holdings in Fluor were worth $2,284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FLR. Kestra Private Wealth Services LLC grew its stake in Fluor by 140.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 13,250 shares of the construction company's stock valued at $653,000 after purchasing an additional 7,743 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Fluor by 28.8% during the 4th quarter. Vontobel Holding Ltd. now owns 11,284 shares of the construction company's stock valued at $557,000 after purchasing an additional 2,524 shares in the last quarter. Rhumbline Advisers grew its stake in Fluor by 1.7% during the 4th quarter. Rhumbline Advisers now owns 547,402 shares of the construction company's stock valued at $26,998,000 after purchasing an additional 9,338 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Fluor during the 4th quarter valued at approximately $2,417,000. Finally, CIBC Asset Management Inc lifted its holdings in Fluor by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of Fluor stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman now directly owns 870,627 shares in the company, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the transaction, the insider now owns 64,383 shares in the company, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. KeyCorp reduced their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Citigroup reduced their target price on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wall Street Zen downgraded Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Truist Financial increased their target price on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Robert W. Baird set a $41.00 target price on Fluor in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Performance

Shares of NYSE FLR traded down $0.18 during mid-day trading on Friday, hitting $48.21. The company had a trading volume of 3,745,018 shares, compared to its average volume of 2,509,003. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 3.96, a PEG ratio of 1.36 and a beta of 1.30. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm's 50 day simple moving average is $38.16 and its two-hundred day simple moving average is $42.91.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.23. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. As a group, equities research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current year.

About Fluor

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.