NBC Securities Inc. Has $215,000 Position in Fluor Co. (NYSE:FLR)

NBC Securities Inc. boosted its holdings in Fluor Co. (NYSE:FLR - Free Report) by 150,425.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,021 shares of the construction company's stock after acquiring an additional 6,017 shares during the quarter. NBC Securities Inc.'s holdings in Fluor were worth $215,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FLR. Quantbot Technologies LP acquired a new stake in shares of Fluor in the 4th quarter worth approximately $3,667,000. Cinctive Capital Management LP acquired a new stake in Fluor in the fourth quarter worth approximately $1,131,000. LPL Financial LLC boosted its stake in Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after purchasing an additional 19,161 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Fluor in the 4th quarter worth $2,926,000. Institutional investors own 88.07% of the company's stock.

Fluor Trading Down 2.7%

Shares of NYSE:FLR traded down $1.36 during mid-day trading on Thursday, hitting $48.43. The stock had a trading volume of 5,106,512 shares, compared to its average volume of 2,498,494. The company's 50 day moving average is $37.48 and its 200-day moving average is $43.02. 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 quick ratio of 1.77 and a current ratio of 1.69. The company has a market cap of $7.97 billion, a PE ratio of 3.97, a P/E/G ratio of 1.36 and a beta of 1.30.

Fluor (NYSE:FLR - Get Free Report) last issued its 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. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Fluor's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, sell-side analysts predict that Fluor Co. will post 2.5 EPS for the current year.

Insider Activity

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 value of $859,535.60. Following the transaction, the insider now directly owns 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FLR has been the topic of a number of research analyst reports. Truist Financial lifted 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. KeyCorp lowered their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Barclays set a $40.00 target price on shares of Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. UBS Group reduced their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Four 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 has an average rating of "Moderate Buy" and a consensus target price of $45.43.

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.