Fluor Co. (NYSE:FLR) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 104.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,967 shares of the construction company's stock after acquiring an additional 113,136 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.13% of Fluor worth $7,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FLR. Alyeska Investment Group L.P. lifted its stake in Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after acquiring an additional 1,523,647 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Fluor by 10,125.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock valued at $52,129,000 after purchasing an additional 1,046,610 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Fluor by 58.4% in the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company's stock valued at $96,285,000 after purchasing an additional 719,583 shares during the period. Yaupon Capital Management LP acquired a new position in shares of Fluor in the 4th quarter valued at $26,353,000. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Fluor in the 4th quarter valued at $25,117,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fluor

In other news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the completion of the sale, the insider now owns 64,383 shares of the company's stock, valued at $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FLR shares. UBS Group decreased their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen cut shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Robert W. Baird set a $41.00 target price on shares of Fluor in a research note on Monday, May 5th. Truist Financial boosted their target price on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, KeyCorp decreased their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.43.

Fluor Price Performance

NYSE FLR traded up $5.05 on Wednesday, hitting $49.92. The company had a trading volume of 11,844,412 shares, compared to its average volume of 2,488,061. The company has a market capitalization of $8.22 billion, a PE ratio of 4.10, a PEG ratio of 1.36 and a beta of 1.30. The company's fifty day moving average price is $37.10 and its 200-day moving average price is $42.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 12-month low of $29.20 and a 12-month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that Fluor Co. will post 2.5 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.