Mitchell Mcleod Pugh & Williams Inc. Has $768,000 Position in Fluor Co. (NYSE:FLR)

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in Fluor Co. (NYSE:FLR) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,093 shares of the construction company’s stock after selling 1,966 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Fluor were worth $768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Fluor by 0.3% in the first quarter. Vanguard Group Inc. now owns 17,112,278 shares of the construction company’s stock valued at $723,507,000 after acquiring an additional 51,322 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of Fluor by 23.6% in the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after acquiring an additional 614,521 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fluor by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after acquiring an additional 323,111 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Fluor in the second quarter valued at about $47,559,000. Finally, King Luther Capital Management Corp grew its stake in Fluor by 1.8% during the second quarter. King Luther Capital Management Corp now owns 1,052,106 shares of the construction company’s stock worth $45,819,000 after buying an additional 18,535 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of FLR stock traded down $8.00 on Friday, reaching $50.93. The company had a trading volume of 12,423,455 shares, compared to its average volume of 2,091,830. The stock has a market capitalization of $8.72 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.54 and a beta of 1.90. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. Fluor Co. has a one year low of $34.17 and a one year high of $60.10. The business’s 50-day moving average is $49.80 and its 200 day moving average is $46.44.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.27). The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS. Equities research analysts forecast that Fluor Co. will post 2.88 EPS for the current fiscal year.

Insider Activity at Fluor

In related news, CAO John C. Regan sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John C. Regan sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the transaction, the chief accounting officer now owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock worth $2,156,604 in the last quarter. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

FLR has been the topic of a number of analyst reports. KeyCorp increased their price objective on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial increased their price objective on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird increased their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Finally, UBS Group increased their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.29.

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.