Qsemble Capital Management LP Takes $525,000 Position in Fluor Co. (NYSE:FLR)

Qsemble Capital Management LP purchased a new position in shares of Fluor Co. (NYSE:FLR) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 11,013 shares of the construction company’s stock, valued at approximately $525,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLR. CIBC Asset Management Inc grew its holdings in shares of Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock worth $235,000 after purchasing an additional 176 shares during the last quarter. Seelaus Asset Management LLC lifted its position in Fluor by 3.7% during the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after buying an additional 230 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in Fluor by 0.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after acquiring an additional 233 shares during the last quarter. Xponance Inc. increased its position in Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 265 shares in the last quarter. Finally, JGP Wealth Management LLC raised its stake in shares of Fluor by 5.6% in the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after acquiring an additional 283 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Trading Down 1.2 %

Shares of NYSE FLR opened at $55.25 on Thursday. The company’s 50 day simple moving average is $51.44 and its 200 day simple moving average is $47.57. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The firm has a market capitalization of $9.48 billion, a P/E ratio of 36.83, a P/E/G ratio of 4.38 and a beta of 1.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Fluor Co. will post 2.62 EPS for the current year.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,261 shares of company stock valued at $4,360,074. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research reports. Robert W. Baird upped their target price on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group upped their target price on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial upped their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, DA Davidson upped their target price on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.29.

About Fluor

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.