iSAM Funds UK Ltd Invests $776,000 in Fluor Co. (NYSE:FLR)

iSAM Funds UK Ltd purchased a new position in shares of Fluor Co. (NYSE:FLR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,261 shares of the construction company’s stock, valued at approximately $776,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hood River Capital Management LLC purchased a new position in Fluor in the second quarter valued at $47,559,000. Westfield Capital Management Co. LP purchased a new position in Fluor in the third quarter valued at $39,289,000. Rubric Capital Management LP boosted its holdings in 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 purchasing an additional 614,521 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after purchasing an additional 457,220 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 323,111 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FLR. DA Davidson lifted their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group lifted their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. KeyCorp raised their price target on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Truist Financial raised their price target on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

Insider Transactions at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the sale, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,942 shares of company stock worth $4,793,206. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Down 0.3 %

Fluor stock opened at $55.79 on Friday. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $9.57 billion, a PE ratio of 37.19, a P/E/G ratio of 4.38 and a beta of 1.89. The stock’s fifty day moving average is $52.83 and its two-hundred day moving average is $48.39.

Fluor (NYSE:FLR) last posted its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Fluor Co. will post 2.62 EPS for the current fiscal year.

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.