Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Fluor Corporation (NYSE:FLR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Fluor Corporation (NYSE:FLR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,912 shares of the construction company's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLR. American Century Companies Inc. raised its position in Fluor by 1.7% during the fourth quarter. American Century Companies Inc. now owns 57,664 shares of the construction company's stock valued at $2,844,000 after purchasing an additional 973 shares during the period. LPL Financial LLC boosted its position in shares of Fluor by 19.3% in the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Fluor by 13.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 24,549 shares of the construction company's stock worth $1,211,000 after purchasing an additional 2,825 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Fluor by 9.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,351 shares of the construction company's stock valued at $708,000 after buying an additional 1,204 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Fluor in the 4th quarter valued at about $2,114,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Down 0.1%

Shares of Fluor stock traded down $0.03 during trading hours on Thursday, hitting $43.89. 2,745,134 shares of the company's stock traded hands, compared to its average volume of 3,546,847. The company has a market cap of $7.09 billion, a PE ratio of 1.81, a PEG ratio of 2.44 and a beta of 1.43. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10. The stock has a 50 day simple moving average of $49.87 and a 200-day simple moving average of $42.80. The company has a quick ratio of 1.74, a current ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). Fluor had a return on equity of 9.27% and a net margin of 25.35%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the prior year, the business earned $0.85 EPS. The business's revenue was down 5.9% on a year-over-year basis. Equities research analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Insider Activity at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction that occurred 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 owned 64,383 shares in the company, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David E. Constable sold 38,600 shares of Fluor stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the transaction, the chairman owned 792,027 shares in the company, valued at approximately $41,272,526.97. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,320 shares of company stock worth $4,870,182. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on FLR. Citigroup lowered their price objective on Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday. UBS Group reduced their price objective on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Wednesday. Truist Financial set a $52.00 price objective on Fluor in a report on Monday. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Robert W. Baird reduced their price target on Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $49.57.

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.